The possible future of Australia has been laid out in the government's "intergenerational report", which paints a picture of a nation that looks older and lives longer, and is paid better, but also faces a major workforce and climate challenge.

The intergenerational report is a "compass" pointing to Australia's current course and not a "crystal ball", the federal treasurer says.

Intergenerational report spells out Australia's future by 2063, with warnings for work, climate and the budget comes via ChinaTechNews.com.