Well, if we’re getting older and older, isn’t that because we’re getting healthier and healthier? Wouldn’t the number of years we’re “able to work to support more people” increase as well?
Well, if we’re getting older and older, isn’t that because we’re getting healthier and healthier? Wouldn’t the number of years we’re “able to work to support more people” increase as well?
Not necessarily, just look at the obesity epidemic. 40% of Americans are now obese. Not overweight, obese. Our society has tackled large scale public health issues that used to kill lots of people (cholera, polio, etc.) But living longer is no way an indicator that we are healthier than we used to be. There's not as much out there to kill us when we're young.
0: https://www.usnews.com/news/healthiest-communities/articles/...
Either the vast majority of our productivity gains will to to pensions in the future (as they already do in Europe), or retired people will have to live with severe cuts to living standards.
This is driven more by the number of old/young people rather than a small % increase in life expectancy.
Look at a graph of the distribution of people in age groups
Famous American aphorism: A society grows great when old men buy land and charge rent for the young to plant trees on which the old will then sit in the shade of