Lifetime Income Series: Andrew Scott on "The 100-Year Life: Living and Working in an Age of Longevity”

Jim welcomes Professor Andrew Scott, Professor of Economics at the London Business School, and co-author of The 100-Year Life. Professor Scott notes that with every new decade, lifespan is now increasing by 2-3 years, and a child born in 2007 has a 50% chance of living to 104 years old. They discuss how the traditional Three Stage Life (education, work, and retirement) is ending, and we may soon be looking at a 50-70 year working career. There are many risks ahead as well, as the emergence of Big Data and Artificial Intelligence will threaten millions of jobs in the future. There will also be tremendous challenges for society and especially government, as greater longevity will put even greater strains on the government to care for those unable to support themselves in extreme old age. Professor Scott emphasized the importance of people in their 60’s and beyond developing the ability to deal with change and adapt to new ideas.

Financial Sense Wealth Management: Invest With Us
Financial Sense Newsletter
Subscribe to Financial Sense Newshour on iTunes