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Posted by: Michael Mandel on January 12
*In 1900 a 50-year old American could expect to live another 21.3 years.
*In 1950 a 50-year old American could expect to live another 24.4 years
*In 2003 a 50-year old American could expect to live another 30.6 years
So someone like me (49 going on 50) has gained an extra 6 years of expected life since 1950. Optimistically, this is a 25% increase since 1950, or a 50% increase since 1900.
Pessimistically, though, we have spent hundreds of billions on treating cancer, heart disease, and other illnesses of the middle-aged…and we have only gained six years of expected additional life.*
To me that’s disappointing.
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.