Joe Deitch highlights the significant impact of longer lifespans on retirement planning and the need for individuals to save and invest for a longer period. This is Part 2 of a two-part interview. The concept of "escape velocity" is introduced, where medical advancements in lifespan extension outpace the passage of time, potentially leading to significantly longer lives. The conversation also touches on the potential financial implications of longer lifespans, such as rising welfare costs and the need for increased taxation. We predict a potential decrease in college costs as traditional institutions shift to online education.
Read Michael's corresponding article for Forbes here:
https://www.forbes.com/sites/michaelgale/2021/05/11/how-you-can-elevate-the-future-of-personal--finance-to-change-the-world-by-2030-for-the-greater-good/?sh=2618c25b17e9
Michael Gale's Futures In Focus