How Longer Lifespans Will Impact Retirement

As medical technology continues to advance people are living much longer lifespans. New developments in stem cell technology as well as other healthcare advances might actually reverse the aging process in many people. In 20 or 30 years the average person might be able to expect to live a much longer life than what the average person today can expect. This is going to have a major impact on retirement planning in the future. In today’s world people usually expect to retire and live out their golden years when they are about 65-67 years old. When people are living much longer lives in the future people may have to plan on working well past the age of 65. The whole idea of retirement might have to be changed, people are going to need to plan ahead to be able to afford to live for a long time after they reach retirement age.

See Laura Entis, What Does Retirement Mean When Aging May Soon Be a Thing of the Past?, Entrepreneur, February 29, 2016.