Here's the Economic Impact of the Longevity Bonus

March 14, 2016

Here's the Economic Impact of the Longevity Bonus

By Richard Eisenberg, Forbes

Retirement gurus, economists and other Big Thinkers like to talk about “the longevity bonus” — the extra 30 years or so that have been added to our lifespans, according to mortality statistics. The question is: What’s the economic impact of the longevity bonus?

Put another way: Which products and services will help us live longer and more active lives, what will the impact be on the United States and how will the longevity bonus change the way we approach work and retirement?

I have some answers, based on what I just heard at a program called: The Longevity Bonus: The Economic Impact of the Retirement Megatrend in, appropriately enough, New York City’s Museum of American Finance.

The event, sponsored by Bank of America Merrill Lynch, featured Joseph Coughlin, director of the MIT AgeLab (and one of Next Avenue’s 2015 Influencers on Aging); former Senator Bob Kerrey (D-Neb.), now managing director at Allen & Co.; Nora Super, former executive director of the White House Conference on Aging, now chief of programs and services for the National Association of Area Agencies on Aging (a Next Avenue Influencer on Aging, too); Michael Hodin, CEO of the Global Coalition on Aging and Andy Sieg, head of Global Wealth and Retirement Solutions at Bank of America Merrill Lynch...


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