Life expectancy has been growing steadily for over half a century. In 1951, a man aged 65 years could expect on average to live to the age of 77 years. Today, a baby girl can expect to live to be 94 years and a boy to be 91 years. By 2047 it could be 98 and 95 respectively.
These are facts to be celebrated. However, steps need to be taken to accommodate the changing structure of our society. Retirement should be an increasingly active phase of life where people have opportunities to continue working and volunteering, as well as saving and looking after their health.
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