10,000,000 SET TO LIVE TO 100
The following article concerns the UK but it should also have ramifications for the rest of the modern world. However, some of the conclusions rely a bit heavily on old tech and older paradigms for considering these issues. It probably is as a matter of consequence that they could not consider more progressive paradigms. I'll point a few of these issues out below where a newer higher technology considered paradigm changes certain premises considerably. However, I wish to point out that all issues aside I consider this to be enormously welcome good news!
Indeed but what is not considered as the reader will see is that they fail to consider that technology will make it so those aging pension aged individuals will not necessarily need to be decrepit. They might then choose to work beyond the age of retirement and this has bearing on pension expenditures.
This is true in one sense but again fails to take other possibilities into account. A key word here is immigration. If not for immigration the population growth rates for most modern industrialized countries would be negative. People tend to have fewer children as women get reproductive rights in their own hands and as a society becomes more affluant.
The best thing governments can do right now is put billions in funding toward anti aging and Life Extension science as these necessarily ameliorate the decrepitude of aging. Thus all the fears over bankrupt pension funds could be for not. How many people would trade getting feeble and old and waiting to die on a pension for being young for longer and taking no pension as they can still work? Or they could retire on personal funds allowed to accrue over longer periods with compound interest that soon overtake their expense needs. This way people that so choose could live enormusly long lives of leisure and travel or engage in perpetual altruistic pursuits at home or abroad.
Please view the rest of the article here.
10,000,000 SET TO LIVE TO 100
By Bob Roberts Deputy Political Editor
MORE than one million people now in their 30s could live to be 100, according to the latest official estimates.
The population of centenarians could soar from the current 10,000 to 1.2 million by 2074, the Government Actuary Department said.
People in their 30's could have a one in eight chance of living to be 100, while thousands could live to be 110 or more.
The figures, based on the most optimistic life expectancy trends, have dramatic implications for pensions.
Indeed but what is not considered as the reader will see is that they fail to consider that technology will make it so those aging pension aged individuals will not necessarily need to be decrepit. They might then choose to work beyond the age of retirement and this has bearing on pension expenditures.
Their longevity would have a big impact on the size of the population, with the number of people living in the country growing to 75 million by 2074.
It could soar further, to 90 million, if the highest projections for fertility rates and immigration are included.
This is true in one sense but again fails to take other possibilities into account. A key word here is immigration. If not for immigration the population growth rates for most modern industrialized countries would be negative. People tend to have fewer children as women get reproductive rights in their own hands and as a society becomes more affluant.
The best thing governments can do right now is put billions in funding toward anti aging and Life Extension science as these necessarily ameliorate the decrepitude of aging. Thus all the fears over bankrupt pension funds could be for not. How many people would trade getting feeble and old and waiting to die on a pension for being young for longer and taking no pension as they can still work? Or they could retire on personal funds allowed to accrue over longer periods with compound interest that soon overtake their expense needs. This way people that so choose could live enormusly long lives of leisure and travel or engage in perpetual altruistic pursuits at home or abroad.
Please view the rest of the article here.
posted by FutureQ at 10,000,000 SET TO LIVE TO 100
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