Posted: Mar 10, 2016 6:12 am
by Macdoc
The demographic shift with people living longer ( there is some talk that if you are alive now the average age of death is climbing faster than 1 to 1 ) it's horrifying for the structures which we built the economy on, insurance, retirement etc etc.

Japan is a case in point No immigration, falling population and yet increasing life span.

The finances of pensions alone are burying gov budgets....Britain is moving to a 70 year old retirement phase.

I didn't need to take my 65 year pension from the gov but figure I might as well before it gets frittered away or revoked and I certainly feel bad for those that are relying on it.

IF you are financially secure ( and I'm only marginal long term ) tho as a couple we are fine, then it's a horror show trying to find paying work that reflects your knowledge and experience....so many are doing the entry jobs that teens used to occupy.

After 60 most are past dealing with elderly parents....my dad was self sufficient until his death and took care of his wife of 72 years with no help from me.

Not all are so fortunate ....some in their mid 40s-50s get into a horror zone of relatively young kids ( my first was at 41 and second at 42 ) and aging parents with issues.

Friend of mine here is juggling uni age dottor and failing parents....not fun in a place the size of Australia.

Ontario is looking at moving to a basic income plan for everyone which will help with some of the economic issues that arise from an aging population tho affordable housing is an issue facing many otherwise prosperous nations.
At least as you get older it seems you view simpler is better .....when a huge chunk of the boomers realise that the 3+ bedroom digs may fall to market forces but it needs some help from gov to transition.

Up until maybe 100 years ago or even less, aging parents were integrated into the extended family often under one roof ....the nuclear family screwed that up. Now with families scattered across the globe in many cases, people end up relying on their social circle and too often end up lonely in a too big house.

When you consider this

Image

these are averages...consider how many are going to go longer than that and many, like my dad active well into their 90s and many contributing.

Dad worked 31 years at INCO and collected pension for 30 years after that. Tough fro companies and govs to plan.

If you are healthy, have some finance base.....yeah it's a pretty good time of life and drugs and revised expectations keep people acting and thinking younger.

It's giving actuarials and govs nightmares....:coffee: