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It means several things - some good, some bad:
- they have a higher age-specific life expectancy. That is, compared to the past, someone of their age now is expected to continue living for longer.
- they will have a longer post-retirement period when - if they can afford it and physically manage - they can enjoy the fruits of a "lifetime" of work.
- they are more likely to suffer from diseases that take a long time to manifest. Cancer, dementia, Alzheimer's, are some examples.
- their health-care will become increasingly more expensive.
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∙ 10y ago
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