This article seems to be about the economic value gained by reduced health care or something.
If you actually extended lifespans by a significant margin (say to 200 years) there would be other knock on effects that would completely derail the global economy & markets. This study doesn't seem to think about how those things could actually negatively impact economics.
Eventually if you're intelligent and you're trying to self-fund your retirement you build up assets that are growing at a sufficient rate that you can live off the growth without touching your principal. Once you hit that, work becomes unnecessary.
If everyone goes from retiring for 20-30 years to suddenly possibly retiring for 120-140 years things get all kinds of strange things happening, the percentage of the population working would diminish. But then that would negatively impact companies due to increasing difficulty in finding workers, which would negatively impact markets, which would then feedback into ruining the investments allowing all these retirees to live off investments & savings. The current system couldn't work without room to greatly expand the population of living people to ensure growth of the workforce.
I have seen these ideas explored in Science Fiction occasionally, but not many other places.
There is another aspect as well, if you lived 200 years, what if you ended up having multiple successive families? Raise a family, your kids grow up, then you raise another family 50 years later?
If you actually extended lifespans by a significant margin (say to 200 years) there would be other knock on effects that would completely derail the global economy & markets. This study doesn't seem to think about how those things could actually negatively impact economics.
Eventually if you're intelligent and you're trying to self-fund your retirement you build up assets that are growing at a sufficient rate that you can live off the growth without touching your principal. Once you hit that, work becomes unnecessary.
If everyone goes from retiring for 20-30 years to suddenly possibly retiring for 120-140 years things get all kinds of strange things happening, the percentage of the population working would diminish. But then that would negatively impact companies due to increasing difficulty in finding workers, which would negatively impact markets, which would then feedback into ruining the investments allowing all these retirees to live off investments & savings. The current system couldn't work without room to greatly expand the population of living people to ensure growth of the workforce.
I have seen these ideas explored in Science Fiction occasionally, but not many other places.
There is another aspect as well, if you lived 200 years, what if you ended up having multiple successive families? Raise a family, your kids grow up, then you raise another family 50 years later?