9. We will work longer

Since the 1990s, the percentage of people 55 and older in the labor force has risen steadily, to 40% in 2019 from 29% in 1993, according to the U.S. Bureau of Labor Statistics.

With bond yields low, stock values high and Social Security in precarious shape, the trend will accelerate.

“There’s so much uncertainty about the future…most people are going to continue to work as long as they can,” says Prof. Carstensen.

With companies embracing remote work and flexible hours and the gig economy expanding, it’s easier for many older people to remain employed, says Jack Rowe, a professor of public health at Columbia University.

Of course, not everyone has the ability to work into their 70s or beyond. Some are in poor health, have jobs they can no longer perform or are victims of age discrimination.

“As a society, we will have to provide ways for people who cannot work to receive support,” says Prof. Carstensen.

Hmmmm.... it's almost like we're about to be swamped by an entire demographic with no ability to take care of themselves for... some reason. I think I read about it somewhere. We should put a pin in that, revisit it later maybe. I'm sure there's time.