Friday, July 17, 2015
The Future of Death (part 5)
Regardless of how we prolong our lives, how will this affect future society? There are now ten times as many Americans age 65 and older than in the previous century. Life insurance companies, health care providers, and other related businesses are scrambling to accommodate the shift. Of further concern is the labor-force-to-population ratio, which is likely to result in labor shortages with an expanding number of retired senior citizens, potentially hindering economic growth. Adjustments on the national level are likely to occur, with higher retirement ages and an increase in labor force participation by the elderly. If we live longer, in order for society to survive economic collapse, we’re probably going to have to work longer! Do we really want to live forever?