Extended longevity reshapes retirement norms towards purpose-driven careers.
Investments in preventative healthcare and AI-driven screenings are crucial for longer, healthier lives.
Deep dives
Longevity and Multiple Stages of Life
Living longer has reshaped the traditional stages of life, leading to questions about retirement and intellectual engagement beyond financial considerations. The shift towards healthier and longer lives introduces new career structures, emphasizing purpose and mental activity alongside financial stability.
The 100-Year Life
Global life expectancy has dramatically increased, with projections suggesting most people born today in high-income countries will live past 100. Factors influencing longevity include advances in healthcare, lifestyle choices, and socioeconomic status, indicating a high probability of extended lifespans.
Positive Aspects of Longer Lives
Contrary to common negativity around aging, longer lifespans offer numerous benefits such as reduced infant mortality, increased family interactions, and intergenerational experiences. The perception of older individuals as burdens often overlooks their happiness, wisdom, and potential for continued contribution to society.
Economic Implications and Health Expenses
The economic impact of aging populations includes significant health costs, prompting discussions on preventative healthcare measures. Investments in public health, AI-driven screenings, and biological aging innovations are proposed to address age-related diseases and enhance overall health during longer lifespans.
Co-host Janet Bush talks with Andrew J. Scott. Scott is professor of economics at London Business School; his work focuses on the economics of longevity. He's co-founder of the Longevity Forum and a member of the World Economic Forum's Council on Healthy Aging and Longevity, topics that are very much the focus of the McKinsey Health Institute. His book The 100-Year Life has sold more than a million copies in 15 languages. In this podcast, he covers topics including the following:
What benefits could greater longevity offer to economies?
Redefining retirement
What could be done to help people live healthier for longer