Will you live to be 100 years old? Even if you don’t – it’s pretty likely your children or your grandchildren will.
While Brexit, China and Trump may be dominating the news out of this year’s World Economic Forum in Davos, living longer is a hot topic in the cold and snowy mountain village, and one which many attendees are already grappling with.
Current trends suggest most babies born since 2000 in developed countries such as the UK, US, Canada, France and Germany, will live past their 100th birthday.
Put another way, for every 10 years since the 19th Century, life expectancy has increased by two and a half years, according to Jim Vaupel from Max Planck Institute of Demography, who has tracked global changes over the past 150 years.
That’s the equivalent of another six to eight hours every day.
It may sound great – after all who doesn’t want to live for as long as possible – but the reality is we may also be working for as long as possible to be able to pay for it.
“If we live 30 years longer, then in order to retire at 60 we would have to save five times as much during our working lives. It’s the end of retirement as we know it,” says Lynda Gratton, who hosted a session on the topic in Davos.
She is a psychologist, and professor of management practice at the London Business School, and has written a book on the topic.
[Source:- BBC]