Living a lot longer in this country - but there's a catch

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Male life expectancy will climb to 95.1 years for men and 96.6 for women

Already tied for the world's highest life expectancy for men, Australia is set to improve on that statistic in the decades ahead.

Bloomberg News reports that the government's Inter-generational Report released March 5 provides projections for Australia 40 years out.

It shows male life expectancy will climb to 95.1 years for men and 96.6 for women in 2054-55, compared with 91.5 and 93.6 years currently.

But there's a catch - Australians will need to work longer, too.

'It may well be the case that people are coming back into the workforce at the age of 80', Treasurer Joe Hockey, Australia's equivalent of a finance minister elsewhere, said last week after releasing the government's long-range forecasts. 'I mean, I stood with a man that's 83 and still working five days a week' he said, referring to a visit he made to a hardware store in Sydney.

To access the complete Bloomberg News article hit the link below:

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