"Half of babies born in the U.S. in 2007 are projected to live to 103, according to the World Economic Forum. As lifespans lengthen, wages are not keeping up with inflation, and even a decent nest egg may not go far enough...As a result, millions of Americans are going to have to keep working longer. “The issue more than anything is the high cost of living,” says Mandeville, the Council on Aging director. “It’s really strained people’s retirement budgets.”

from TIME on our aging workforce:

"Half of babies born in the U.S. in 2007 are projected to live to 103, according to the World Economic Forum. As lifespans lengthen, wages are not keeping up with inflation, and even a decent nest egg may not go far enough...As a result, millions of Americans are going to have to keep working longer. “The issue more than anything is the high cost of living,” says Mandeville, the Council on Aging director. “It’s really strained people’s retirement budgets.”

from TIME on our aging workforce: https://time.com/7260357/aging-workforce/

Here are the SSA actuarial tables on life expectancy.  They predict that only 3% of babies born in 2007 will live to 100.

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Here are the SSA actuarial tables on life expectancy.  They predict that only 3% of babies born in 2007 will live to 100.

https://www.ssa.gov/oact/NOTES/as120/LifeTables_Tbl_11.html

Oh phew we CANNOT afford all those centenarians