Lynda Gratton and Andrew Scott, The 100-Year Life: Living and Working in an Age of Longevity
As the authors underline, life expectancies are increasing around the world, and as per the current trend, more and more babies born in wealthier countries since 2000 might live for 100 years. The authors also mention that economies will not be able to decently fund retirements in the coming years. People with a life expectancy of 100 years need to start planning their life after retirement accordingly.
Gratton and Scott suggest that material and intangible assets should be renewed or replaced as per need. Skills and friends will also need updating and this might be expensive. Gratton and Scott mention the inequality of lengthening lifespans as the rich live longer and are better off in all the resources. They also mention that financial literacy declines with age and the younger and older people have a gap in incentives.
If older people still work, they won’t compete with younger people as the motivation levels are different. But the younger working force should look to save these rewards for their older selves.