BBC REALIZES THAT LONGER LIVES ARE GOOD FOR ECONOMY

BBC REALIZES THAT LONGER LIVES ARE GOOD FOR ECONOMY. Thousands of days longer?

This BBC article barely skims the surface of this topic, but it recognizes that longer healthspans and working careers are good for the economy. The author draws primarily on work by Dr Joseph Coughlin, director of the Massachusetts Institute of Technology AgeLab and author of Longevity Economy: Unlocking the World’s Fastest-Growing, Most Misunderstood Market.

Healthspans will continue to grow, meaning that non-medical retirement costs will increase. At some point, long before most people expect it, the rate of growth will increase radically. Guaranteed retirement financing then becomes untenable, even if healthcare costs for the aged fall to those of teenagers.

Slowly, we are beginning to grapple with these issues.