City of Adelaide
Local workers - Age structure - Financial and Insurance Services
In the City of Adelaide, there are more younger workers (15 to 44 years) than older workers (45 year and over) working in Financial and Insurance Services.
The Age Structure of an industry's local workers is a key component to understanding the role and function of that industry in the City of Adelaide. It is an indicator of the age of the industry and how long it has been established in the area, as well as the possible challenges in expanding that industry in the future.
For example an area with young local workers may be more mobile and likely to change jobs/industries in the future while an industry with an older local workers may face succession planning issues and challenges in attracting new staff.
Australian Bureau of Statistics (ABS) – Census 2011 (experimental imputed) & 2016 – by place of work
|Local workers age structure|
|City of Adelaide - Financial and Insurance Services||2016||2011||Change|
|Ten year age groups (years)||Number||%||South Australia%||Number||%||South Australia%||2011 - 2016|
|15 to 24 years||521||5.4||6.2||938||9.4||9.0||-417|
|25 to 34 years||2,540||26.3||24.1||2,835||28.4||25.7||-295|
|35 to 44 years||2,698||28.0||26.6||2,735||27.4||27.3||-37|
|45 to 54 years||2,339||24.2||24.7||2,160||21.6||22.4||+179|
|55 to 64 years||1,358||14.1||15.0||1,199||12.0||13.3||+159|
|65 years and over||195||2.0||3.5||133||1.3||2.2||+62|
Please refer to specific data notes for more information
Analysis of the age structure of the Financial and Insurance Services workforce in the City of Adelaide in 2016 compared to South Australia shows that there was a higher proportion of people in the younger age groups (15 to 44 years) and a lower proportion of people in the older age groups (45 years and over).
Overall, 59.7% of the Financial and Insurance Services workforce was aged under 45 years, compared to 56.9% for South Australia. 40.3% were aged 45 years and over, compared to 43.1% for South Australia.
The major differences between the age structure of the Financial and Insurance Services workforce in the City of Adelaide and South Australia were:
- A larger percentage of local workers aged 25 to 34 years (26.3% compared to 24.1%)
- A larger percentage of local workers aged 35 to 44 years (28.0% compared to 26.6%)
- A smaller percentage of local workers aged 55 to 64 years (14.1% compared to 15.0%)
- A smaller percentage of local workers aged 65 years and over (2.0% compared to 3.5%)
The largest changes in the age structure of the Financial and Insurance Services workforce in the City of Adelaide between 2011 and 2016 were:
- 15 to 24 years (-417 local workers)
- 25 to 34 years (-295 local workers)
- 45 to 54 years (+179 local workers)
- 55 to 64 years (+159 local workers)