The Longevity Bubble

The Internal Revenue Service thinks there’s only one way for mortality rates to go: down. The American Academy of Actuaries seems to agree, breaking a decades-long self-imposed rule to issue a policy statement urging Congress to raise the Social Security retirement age to reflect increased longevity. The Society of Actuaries has sponsored a number of symposiums on living to 100 and beyond. Most actuaries believe that the unbroken trend of declines in death rates will continue, fueled by advances in medicine.

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