Older Australians are being urged to work longer – or the country will face an economic time bomb.

Treasurer Josh Frydenberg believes the federal budget will struggle to meet future spending, unless the taxpayer pool expands.

He’ll use a speech to business leaders encouraging over-65’s to build their skills in a bid stay in the workforce longer.

But Ian Henschke from National Seniors says – that as it is – older Australians are usually the first people to be made redundant and then struggle to find a new job. He told Gareth Parker the idea of an ageing time bomb is a ‘myth’ because by the middle of the century over half of seniors will be self-funded.

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