When can a promise be changed in the face of altered circumstances? That is the crux of the issue behind major strikes in France this week over the government's proposal to raise the retirement age by 2 years, from 62 to 64, in 2030. According to Stanford's Center for Longevity, half of today's 5-year-olds can expect to live to age 100 -- and, according to the Center for Longevity, we are not ready. Economic impacts are among the most obvious, from personal savings to growth-centric economic models to pension policies. For example, when the forerunner of France's pension system was established in the 1940s, life expectancy in France was less than 60; today French life expectancy is 82, and government spending on pensions comes to slightly more than 14% of GDP. But our attitudes towards aging, purpose, caregiving, the elderly, promise-keeping, even longevity itself may all be revisited in the years ahead.
Blog sharing news about geography, philosophy, world affairs, and outside-the-box learning
This blog also appears on Facebook: