Tuesday, August 19, 2008

more on longevity risk

In the popular (?) press, see this article in the Boston Globe - Living to 95....

One assumes this will only get better (worse) as biology, health, and medical research leads to additional discoveries during the next years and decades. Besides putting pressure on individual financial planning, there will be complicated consequences for national policy.

For sure I imagine retirement age will be deferred, social security will start later and additional elder care programs will be necessary.

I guess the best point to make is that one expects this will generally be due to healthy life extension, which will let us earn more of our keep at ever later ages. Part time work anyone?

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