The result? Social and economic risk aversion far above the optimum.
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@paulbaumgart@pmarca surely in the 85 and over category the death rate remains unchanged at 100%? -
@BenFletch@paulbaumgart@pmarca Mortality rates are "% deaths per year" not "% who die during the period".
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@pmarca@steve_e@paulbaumgart people are going to have to get used to working into their 70s -
@BenFletch@pmarca@paulbaumgart We already are, both my parents have… With pensions shrinking anyway we may see 80’s...
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@pmarca@paulbaumgart 1-in-100 chance of 5 year longer life in developed countries = a $1 trillion additional liability for pensionsThanks. Twitter will use this to make your timeline better. UndoUndo
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@paulbaumgart@pmarca Pension funds are terrified of this (longevity)Thanks. Twitter will use this to make your timeline better. UndoUndo
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@pmarca@paulbaumgart Yes, and pension funds and insurers are going to need a whole lot more capital (or hedging) to copeThanks. Twitter will use this to make your timeline better. UndoUndo
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