The Economics Show Martin Wolf speaks to Andrew J Scott: Can societies age gracefully?
10 snips
Jan 13, 2025 
Andrew J. Scott, a professor at the London Business School and author of "The Longevity Imperative," discusses the positive implications of aging populations. He argues that rather than fearing rising elderly demographics, we should celebrate them. The conversation emphasizes the need for innovative policies focused on healthspan over lifespan, and acknowledges societal inequalities affecting health outcomes. Scott urges a shift in perspective towards aging as an opportunity, challenging existing pension systems and advocating for proactive health measures.
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Physiological Aging
- Chronological age isn't the best measure of aging; physiological age, reflecting one's ability to do desired activities, is key.
- Focus on maintaining physical and mental functionality rather than just living longer.
Strodberg vs Dorian Gray
- Living longer with declining health has diminishing returns, while compressing morbidity (reducing infirmity period) is highly valuable.
- It's better to improve healthspan than to simply extend lifespan without improving health.
Slowing Life Expectancy Gains
- Life expectancy gains are slowing down as the probability of reaching 60 is already high in developed countries.
- Future gains depend on improving mortality rates at older ages (60+).
