By as early as 2036, the average lifespan in the developed world may be decades longer than it is now, Cambridge-based biomedical gerontologist Aubrey de Grey told Reuters in a recent interview.[.]
De Grey said decades-longer lives may change traditional patterns of family life, careers, retirement, education and child-raising and force radical changes to pensions.
“These are things that people with expertise with financial planning need to take on board now. Industry has been taking for granted that if state pension ages change at all, it will be only by a small amount,” he said.[.]
Private and state pension systems are already creaking under the impact of an aging population and a declining birth rate. British companies have cut pension benefits and shut pension plans to new recruits.
For those of us here in the states, compare the concerns above to my previously-expressed preference that retirement ages / eligibility thresholds for Social Security be keyed to changes in average lifespan.