The World Economic Forum said that employees should continue working until 70 in nations such as the UK, US, Japan and Canada.
Since the 1950s, life expectancy has been increasing rapidly. On average, it has been increasing by one year, every five years. Babies born today in
2017 can expect to live to over 100, or in other words, they will live to see the year 2117.
The normally quoted life expectancy numbers are based upon the ages of people who are dying now aka people who were born 75-85 years ago. This is used as an estimate for the life expectancy of all people in spite of the trends towards longer lives.
This does not even account for extreme longevity advances using SENS and gene therapy.
The increase will be needed, as the number of people over 65 will more than triple to 2.1 billion by 2050.
By then, the number of workers per retiree will have halved to just four.
Michael Drexler, head of financial and infrastructure systems at the World Economic Forum, said the expected rise in longevity was the financial equivalent of climate change.
Here is the 24 page World Economic Forum report.
Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.