The Economic Implications of a Much Longer Life: Andrew Scott

What are the economic implications of living longer? Why do we
need to change the way we are aging? How long will we need to
work because of our increased life expectancy? What will
retirement look like in the future? What assets should we be
investing in? 


InsideTracker — the dashboard to your Inner Health. Listeners get
20% off on all products atInsideTracker.com/AGEIST.


Science Research Wellness — improve your cellular health.
Listeners receive 20% off all products with code AGEIST20 at
SRW.co. 


Andrew J. Scott is a Professor of Economics at London Business
School having previously held positions at Oxford University,
London School of Economics and Harvard University. His work
focuses on the economics of longevity and he is the co-author of
The 100-Year Life and The New Long Life.


Andrew joins us to discuss the economic implications of living
longer, how we need to change the way we are aging, what
retirement will look like in the future, the assets that we
should be investing in, and more. 


“What we need to do is to change how we age. We need to age
better. Rather than focusing on, ‘Oh, there are more old people,’
I think we need to focus on, actually, given the phenomenal
increase in life expectancy that has happened, we need to change
how we age.”


“We haven’t really expected to reach into those older ages in the
past. Of course, there have always been old people but it’s been
a minority living to 80 or 90. But if you look at the data today
in most rich countries, it’s the majority who will be living to
80 or 90. So, we need to age better and behave
differently.” 


“You’ve got more time ahead of you. Whether you’re 20, 50, or 80,
you have more time ahead of you than past 20-year-olds,
50-year-olds, or 80-year-olds. So you have to invest more into
your future. You just have a greater incentive to do it.” 


“The challenge you’ve got with a longer life is how to finance
it.”


Listen to the SuperAge podcast wherever you get your pods. 


Connect with Andrew Scott:
Website
LinkedIn
Books: The 100-Year Life & The New Long Life


Say hi to the AGEIST team!