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?
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