This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Retirement Plans for 1,000-Year-Olds

BOSTON ( MainStreet) -- Medical strides have allowed people all over the world to live longer. According to one researcher, we are on the cusp of routinely living to 150, and the first person to blow out 1,000 candles on their birthday cake could be born within the next two decades.

Biomedical gerontologist Dr. Aubrey de Grey, of the California-based Strategies for Engineered Negligible Senescence Foundation, made those claims in a recent research paper. His prediction is that the increasing ability of scientists to engineer replacement tissue will allow for customizable, replaceable organs in the not-so-distant future.

As life expectancies increase, what does retirement look like for 100-, 150- and 1,000-year-olds?

Living to 150 or even 1,000 may not be as far-fetched as it might seem. In the U.S., life expectancy has nearly doubled since 1900. More telling, the number of 100-year-olds in 1990 totaled roughly 37,000, but there are more than 84,000 now and, according to Census Bureau projections, by 2050 there could be more than 580,000 Americans older than 100.

If mega aging occurs as de Grey theorizes, it would have a monumental impact on society. Would natural resources be able to keep pace with the population? How would governments and global economies manage?

As humans reach 150 years old and beyond, financial playbooks would be thrown out the window.

With "aging workforce" taking on a whole new meaning, employee churn would be rare. As companies hold onto employees for many decades, how will a younger workforce earn their paycheck?

A big question would be how long a person could continue to work and how long a post-career retirement would last. Would dementia and other physical ailments add millions to the ranks of the disabled, requiring ever-escalating financial and medical support for decade after decade?

The insurance industry would be thrown into chaos, as actuarial tables and mortality credits prove no longer viable in an era of artificially prolonged life. An upside for the industry might come from all those added years of premiums they can collect before a life insurance policy is paid out.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AET $107.72 0.00%
AAPL $124.75 0.00%
FB $80.78 0.00%
GOOG $524.05 0.00%
TSLA $206.79 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs