Should we fear death or longevity?

By Lim Kim-Hwa

February 2015 UTTER ECONOMICS
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With better healthcare and medical breakthroughs, the life expectancy for humans has almost doubled over the last 60 years. But what does that financially mean, and can it spell disaster for governments with ageing populations?According to Chinese tradition, longevity is one of the three important blessings in life, alongside prosperity and happiness. But while longevity is good on an individual basis, the collective effect of achieving longevity can be quite alarming. Can we afford retirement if we live much longer...

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Lim Kim-Hwa

is Chief Executive Officer of Penang Institute

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