In the developed world, average life expectancy is increasing. What problems will this cause for individuals and society? Suggest some measu

It is important to consider how the developed world’s rising

life

expectancy will impact both individuals and society.

This

essay will highlight some of the issues which might arise

as a result

of

this

trend and propose some measures that might reduce them. One of the major concerns at an individual level is that as the

life

expectancy grows, so will the cost of living.

This

is because more money is required to get by the

retirement

period, which means that people will have to make extra arrangements to support themselves.

For example

, for a man who starts working at the

age

of 20 and retires at 60 but lives for 100 years will have spent only two fifths of his

life

making money. To combat

this

problem, the government should raise the

age

of

retirement

. In doing so, people will be better prepared to cover the cost of their extended

life

. As for societies, the most pressing problems is likely to be unemployment. While the

retirement

age

extension might benefit individual level issues,

this

would create

further

repercussions of less job opening for the

next

generation.

As a result

, young people will struggle finding employment as there will be a delay in positions to become available.

This

impact of the problem could be lessened by the government investing in new technologies that could help create new jobs. In conclusion, two of the possible concerns that the increase in average

life

expectancy would cause are financial troubles and joblessness.

However

, their effect should be reduced if the government increases the

retirement

age

and

additionally

invests in latest technologies.