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| Re: | Vizsla Breeder Wanted | | Ad: | Do you play any instruments? http://www.web-media.co.uk/consultancy/ Cheap Aciphex Changing demographics also require us to redefine what we mean by increased living standards. We normally associate it with what more wealth buys, but that fails to capture leisure. Retirement used to consist of getting increasingly sick, feeble and dying. Retirement has gotten longer and more active: in 1970 the average retirement lasted 13 years, in 2010 it was over 18 years. People live longer and (up until the Great Recession) retired younger. This trend is not sustainable because it undermines growth by shrinking the labor force. But to some extent, longer and fulfilling retirements are not completely unreasonable. Increased prosperity means consuming more goods and leisure. The concept of modern retirement is one of the fruits of increased wealth.
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