A wide range of medical and societal advancements have contributed to our present longevity. We can thank everything from purified water to vaccinations, public education to pasteurized milk, child labor laws to cancer treatment. And pending complete societal collapse, you can bet the human race will continue finding ways to prolong the inevitable.
What longer life means for retirement
It's pretty simple, actually. The longer you live past retirement, the more money you'll need to have saved up. Even if you only live five years longer than your grandfather, that's five more years of income you'll need to have in reserve. At a modest $40,000 a year, you're looking at an additional $200,000 to survive, without even accounting for inflation. And with social security poised to be cut back, you better be ready for self-sufficiency.
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