The global population is growing at a rapid rate and the way we live is likely to change.

The global population is tipped to surge 24 per cent by 2050, from 7.5 billion to 9.8 billion.

According to IKEA’S latest sustainability report, People and Planet Positive 2017, the ageing population is one of the reasons for the rapid growth.

According to the report, 22 per cent of the world will be aged over 60 by 2050, up from 11 per cent recorded in 2012.

New Report Predicts How Our Lives Will Change in 2050

Photo: article supplied

It will be the first time in human history that the elderly population outnumbers the youth.

According to the report, more than 60 per cent of Australians aren’t ready for an increased population and almost 70 per cent believed Australia was not prepared as a nation.

The report made some predictions about how drastically the country will have to change to be able to cope.

There’ll be new cities

To cope with the growing population, the report said Australia would need to create a number of new cities as people will start flocking to cities from regional areas.

According to the UN, 70 per cent of the world’s population will live in cities by 2050.

Simon Caspersen, from future-living innovation lab SPACE10, said to handle a 9.3 billion population over the next 40 years, there’d need to be new cities established quickly.

“To put it into perspective, that’s around six new cities for six million people every month,” he said.

“With urbanisation accelerating, there will be increasing pressure on natural resources like water, air, energy and food.

“This means the built environment needs to incorporate elements like spaces to grow food, systems to recycle waste and water, natural cooling and heating mechanisms and design that facilitates all of this.”

Everyone will have housemates

IKEA sustainability manager Kate Ringvall told news.com.au urbanisation was a key trend that would affect the way we lived in the future.

“A likely scenario, we believe that the future will be more about ‘co-living’ — a shared economy where we make do with less space, surrounded by more people.

“From a retail perspective, we will continue to adapt our home furnishings to suit these future spaces. We expect to see smaller spaces, with clever storage solutions, greener spaces in our environments — inside and out — and home furnishings solutions which will be better for people and the planet.

SPACE10’s Xuan Teo said in the report co-living was the way of the future.

“The rise of the so-called sharing economy, coupled with the planet’s rapidly depleting resources and fast-growing population, is forcing us to rethink the concept of ownership and sharing in our everyday lives, including in housing,” he said.

This article was originally published by News.com.au.

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