Earlier this week, researchers at the Max Planck Institute for Demographic Research in Germany made the startling assertion that human longevity has improved so much over the past century that 72 is the new 30.
Originally reported in the Financial Times, here's an excerpt from an article on CNBC:
Researchers at the Max Planck Institute for Demographic Research in Rostock, Germany, said progress in lowering the odds of death at all ages has been so rapid since 1900 that life expectancy has risen faster than it did in the previous 200 millennia since modern man began to evolve from hominid species.
The pace of increase in life expectancy has left industrialized economies unprepared for the cost of providing retirement income to so many for so long.
The study, published in the Proceedings of the National Academy of Sciences of the United States, looked at Swedish and Japanese men – two countries with the longest life expectancy today. It concluded that their counterparts in 1800 would have had lifespans that were closer to those of the earliest hunter-gatherer humans than they would to adult men in both countries today.
Those primitive hunter gatherers, at age 30, had the same odds of dying as a modern Swedish or Japanese man would face at 72.
http://www.cnbc.com/id/100493887
Something to keep in mind, I guess, the next time I am thinking about asset allocation for a client!
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