Reserve Bank Deputy Governor highlights role of churches and charities in aged care
An assistant governor of the Reserve Bank of Australia has highlighted the important role played by the church and charitable organisations that provide aged care.
Speaking at the inaugural Seniors Week Breakfast of the ARV Foundation for Aged Care, Malcolm Edey acknowledged that Australia has an ageing population.
He noted that the proportion of citizens aged 65 and over is projected to reach 21% by 2050.
“Governments have put a lot of thought into how to meet that challenge but we have to realise that governments can’t do everything” he said.
“The voluntary sector has a very important role to play as well.”
Mr Edey also spoke about the effects of the global financial crisis, saying that the Australian economy would suffer further setbacks this year.
The breakfast event was held to celebrate NSW Seniors Week and to generate support and funds for the Foundation for Aged Care’s work.
