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>> Increased Life Expectancy Affects Retirement

Scientists Expect an Increase in Retirement Age

February 20, 2006 (written by Haunted Poker)


U.S. biologists are claiming that the age of retirement should be raised to 85 by the year 2050 because of trends in life expectancy. Anti-aging devices are expected to raise life expectancy by a year each year for the next two decades.

Having 50-70 year mortgages may not be uncommon in the future. People will be able to do things they never got around to doing in their working years. This would have profound effects, however, on lifestyle, economy, and population demographics. It could also put a strain on economies if the current retirement ages are maintained. In the US, the cost of social security and medical care would almost double if people retired at 65. An increase of retirement age to 85 would bring the cost down to today’s levels.

While it would help most countries, some countries would become a permanent “underclass” because opportunities for increased life expectancy would not be the same as for industrialized countries.

I believe overall, that having an increased life expectancy would be a very good thing. We would all have more time to do the things we’ve always wanted to do; we would enjoy better health for longer; we would have a better chance of owning a home for less money down…the list could go on. We would also have more time for helping unindustrialized countries get the anti-aging devices. I can’t see retirement age being raised to 85 as a bad thing if we all get to live longer and richer lives. 



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