July 16th, 2004
Money And Longevity Again
Back in the world of accountancy and retirement, an MSNBC article illustrates that at least some people believe that longer, healthier lives won't bring financial chaos. A quote: "The fact that people are living longer is reason for celebration, not sorrow. It is one of the great accomplishments of the past century." It's somewhat sad that the author feels it necessary to state the obvious, but there is a definite trend towards portraying longer, healthier lives as somehow bad because Ponzi-style social security systems will have to be radically changed. It's never a good sign when the widespread belief is that people should serve the system (by dying in this case!), rather than vice versa.