Life expectancy is trending upward, with global averages now around 71 to 79 years depending on the region. More importantly, more people are living well into their late 80s and 90s. This shift matters because it drastically impacts personal finances, healthcare needs, and societal well-being.
Life expectancy is trending upward, with global averages now around 71 to 79 years depending on the region. More importantly, more people are living well into their late 80s and 90s. This shift matters because it drastically impacts personal finances, healthcare needs, and societal well-being. What Has Changed? More Time in Retirement: - Traditional retirement models based on a 15- to 20-year post-work life are obsolete. Retirees must now plan for 25 to 35 years of non-working life, increasing exposure to inflation and market volatility. Focus on "Healthspan" vs. Lifespan :- The goal has shifted from merely extending life to increasing "healthspan"—the number of years lived in good health free from chronic disease or severe disability. Pandemic Setbacks: - Global life expectancy recently experienced a temporary dip (reversing about a decade of progress), but long-term historical trajectories continue upward. Why It Matters Personal Finance & Wealth:- ...