CANBERRA, ACT, Sept. 21 -- The Treasurer of Australia issued the following media release:

Today I'm releasing the Albanese Government's second Intergenerational Report, which shows the pace of change is accelerating and intensifying globally and here at home.

The IGR shows the risks to our economy and the pressures on our budget are serious, but our advantages as Australians are substantial.

The report confirms Australia is better placed and better prepared to deal with rapid change than most countries, but despite our advantages we cannot be complacent.

This IGR's projections show that in 2066, Australians are expected to live longer, healthier lives, with higher living standards and more secure retirements.

At the same time, families...