Longevity also pushes back the age of retirement, and not only for financial reason. Yes, unless people are prepared to save a lot more, our calculations suggest that if you are now in your mid-40s, then you are likely to work until your early 70s; and if you are in your early 20s, there is a real chance you will need to work until your late 70s or possibly even into your 80. But even if people are able to economically support a retirement at 65, over thirty years of potential inactivity is harmful to cognitive and emotional vitality. Many people may simply not want to do it.
4. On account of economic reason, retirement have to be delayed with the increasing number of centenarians.( )