Thursday, June 20, 2013

Enjoy yourself, you're going to live a while longer….


The Center for Disease Control estimates that average life expectancy of Americans has increased by more than 10 years in the last two generations.

That's a stunning gain in longevity, in less than a blink of an eye in geologic time. It's definitely a man-made phenomenon. It's all due to rapid, worldwide improvements in health care, sanitation and nutrition.

The average American born in 1950 had a life expectancy of about 68 years. Folks born in 2010 had a life expectancy of almost 79 years—on average, they'll live a decade longer than their grandparents.

They're probably going to work longer than their grandparents did.

And they're going to use a lot more health care.

And, regrettably, they might save a lot less for their retirement than Grandma and Gramps did.

This is a huge public policy issue….and hardly anybody is talking about it.


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