There was an article somewhere in a celebrity magazine a few years back now that discussed how much younger fifty and seventy-year-olds were as opposed to twenty years ago. It stated “You no longer think of a seventy-year-old as your grandmother you think of them as the likes of Tina Turner!” and let’s face it even at the age of seventy-eight Tina can still rock it with the best of them!
She being just one very prime example of how her generation aged so it only stands to reason that generations to come will have a lot longer lifespan as fifty become the new forty and so on.
Nothing wrong with living longer and in fact we all want to live as long as we can and get as much out of our lives as we can. But with various scientific predictions on how the expected lifespan of the average person is getting longer, it does become a problem for the workforce and the various governments.
Already developed economies, such as the UK are feeling an impact from this forcing them to increase the retirement age by six months every year which does have various backlash and repercussions.
This increase mainly affects the current generation in their fifties they either still have dependent children and aged parents they are taking care of so not much has been left over for them to financially prepare for their retirement which will force them to have to work well into their late sixties mid-seventies.
HR departments are moving more and more to word changing their employment policies whereby it makes economic sense to keeping older competent workers in their positions for longer. Especially as in the UK alone it has become evident that there a just not enough younger people to fill the employment needs.
Not only are there an increasing number of older unemployed or pensioned off people who have a wealth of experience and knowledge beneficial to their specific industries but most studies have shown that due to the increased health active lifestyles and busy social lives the generation in question is not only more than competently able to work they actually want to or need to work!