An ageing population, declining living standards, and a climate that is getting hellishly hot - these are just some the bleak takeaways from Australia’s latest Intergenerational Report. According to the report, there will be forty million people in Australia by 2060 and the main spending pressures on the Budget will grow from one-third to one half of all Commonwealth government spending. Today, senior economics reporter Shane Wright and chief political correspondent David Crowe on Australia’s possibly terrifying future.Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly Inside Politics newsletter here.Subscribe to The Age & SMH: https://subscribe.smh.com.au/See omnystudio.com/listener for privacy information.