Longer Lives Adding Up Quickly

Technological and medical advances are allowing people around the globe to live longer, considerably driving up the cost of aging, says the International Monetary Fund (IMF). Not only do longer lifespans increase healthcare costs, they strain pension plans and drain retirement savings. The IMF is encouraging governments and privately owned enterprises to address this issue now, as lifespans and their attendant costs will only continue to rise. Measures that could help offset the increased costs

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