By Kathryn Ziden
A future in which we live to be 150 years old is no longer far-off or science fiction. Global life expectancy figures doubled within the last century. Advances in healthcare, precision medicine, gene and immunotherapies and genetic engineering will likely lead to increased longevity sooner than current trends predict. But are we prepared for this future?
Are we prepared for this future financially? The current system of Social Security and Medicare is failing, facing “long-term financing shortfalls,” according to the Social Security Administration.
A report out earlier this year from The Brookings Institution adds that the gap between lifetime benefits received by poor and less-educated workers versus those received by wealthy, well-educated workers is widening. In addition, age discrimination in the workplace may prevent older generations from working the longer careers that will be financially required of them.
Are we prepared for this future socially? What will the concept of marriage be like, especially given the current prevalence of “gray divorce?” An entirely new healthcare system, perhaps based on A.I., will need to be created to deal with the shifting demographics. If careers span 100 years instead of 40, innovation in corporations and universities may stall, hindered by the stagnant ideas of long-standing CEOs and professors.
Are we prepared for this future politically? Increased lifespans coupled with a slowing, but still positive population growth rate will lead to a more crowded Earth. Increased competition for resources will likely result in new domestic and international conflicts. Longer lifetimes will also increase the use of public services, placing additional strains on budgets and increasing deficit spending.
Even without major S&T advances, extended longevity is inevitable; it is time to prepare now. The good news is that all of the problems outlined here are fixable, if we begin the dialogue and planning that will be required now. There are a large number of scientists working in the field of aging, gerontology, longevity, and other biological or medical fields whose work is directly affecting human life expectancy. It is time that there be the same commitment from the policy side.