Thursday, July 20, 2006
As we know, static old age retirement systems are under severe stress due to increased longevity (ca. 2.5 years per decade). But that's not all: the World Future Society has an article about superlongevity. The proponents of superlongevity expect that the trend of increasing longevity will not remain stable, but will actually accelerate due to technological progress. Michael Zey reckons that life expectancy will rise to ca. 125 years by 2075 from the current ca. 80 years. This averages to rate of increase of about 6.4 years per decade. With that kind of perspective, the absolute necessity for more flexible and, most of all, delayed retirement should be painfully clear.