What Happens When You Live to 150?

What Happens When You Live to 150?

You've heard me talk about exponential technologies that are emerging. Thanks to advances in biotechnology, nanotechnology, robotics, and neurosciences, the first person who will live to be 150 has likely already been born. Futurists also predict that we'll be as healthy and productive in our 90s as people age 50 are today.

Historically, our lives followed a sequential path: we’re born, we go to school, we get a job, we retire, then die. Exponential technology will move us from that linear lifeline to a cyclical one.

In other words, in the future we’ll go to school, get a job, go back to school to learn skills, then work in a new career. Then we’ll take time off, maybe for a decade. We’ll return to school again and enter in yet another career. We’ll not merely have multiple jobs – we’ll have multiple careers.

By some calculations, half the occupations in the U.S. will be eliminated over the next 20 years; new ones will emerge to replace them. The idea of getting a college degree as a young adult will be replaced by life-long learning; 70-year-olds will routinely be found attending college. (This is already happening; nearly a thousand students at George Washington University are over age 50.)

Because you’ll likely remain productive and income-producing well into your 90s, the need to accumulate by your 60s all the money you’ll need for the rest of your life will be gone. And thankfully so, because most of us can’t amass enough money by age 65 to support ourselves for another 90 years.

How will all this affect you? How can you plan in a world that is changing so rapidly? How should you alter your investment strategy?

For answers to all these questions, contact us.