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This Is What Millennials Can Actually Expect From Retirement, According to Experts
Money in the Future
Radical changes in the way money is perceived, earned and saved will impact our lifestyle and retirement goals.
Big companies and institutions will play their part in changing the concept of money and how relevant it is in the next 50 years.
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The Future of Millennials
The future of Millennials, the generation born between 1981 and 1996, is hard to predict, just like the Internet was not predicted or known in 1969.
There will be new methods for earning money, new places to live, and new ways to be old in the world. And there will be challenges too, like the ever-accelerating climate crisis.
Genetic Make-up Evolution
In 50 years, our genetic make-up and gene-related technology will evolve to be more than just a record. It will be useful and relatively inexpensive.
This way we can figure out what to plan for ourselves, based on how we are, genetically: We’ll probably be able to intervene on the genetic predisposition of people (on conditions like Alzheimer’s and cardiovascular disease).
Smarter Algorithms to plan everything
As the internet and technology integrate every aspect of our lives, we would have smart algorithms to solve problems that seem daunting right now.
Things like finding the right, high paying job suitable for us, or where to save for maximum returns, tailored to our lifestyle, will be made a reality using these algorithms.
Retirement: An Optional Luxury
The concept of retirement and getting the pension seems outdated and unnecessary in this age of everything being in constant motion, thanks to the digital economy and the app-based world around us.
Retirement would be an option, something a few can afford, while the rest can continue to work, albeit in a different way, thanks to technology.
Keep Working and Learning
A life-long commitment to working and learning new skills will be one of the top needs of the future.
Unlike previous generations, millennials cannot just be farmers or postmen that work until the age of 60 and then retire, not knowing anything else apart from the one job done their entire lifetime.
Money in the Future
Radical changes in the way money is perceived, earned and saved will impact our lifestyle and retirement goals.
Big companies and institutions will play their part in changing the concept of money and how relevant it is in the next 50 years.
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