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5 Ways the World Will Look Different in 2100
From:
Greg Womack -- Oklahoma Financial Advisor Greg Womack -- Oklahoma Financial Advisor
For Immediate Release:
Dateline: Oklahoma City, OK
Friday, May 7, 2021

 


Estimates suggestthere will be 25 million by 2100. Take a guess: electric vehicles,household robots, wild elephants, centenarians, or streaming services perhousehold?

  • Electricvehicles. There may be far more than 25million – estimates suggest 145 million – on the road by 2030.
  • Householdrobots. Domestic robots that offercompanionship or help with tasks like lawn mowing, vacuuming, and mopping arebecoming popular. Estimates suggest about 55 million domestic bots will be soldnext year.
  • Wildelephants. From 1989 to 2018, the number ofelephants in the wild doubled to 34,000, reported Earth.org.
  • Streamingservices per household. Currently,the average number of streaming services per household is four. There’s roomfor growth, but probably not that much.
  • Centenarians.The world is in the midst of alongevity revolution and, by 2100, there may be as many as 25 million centenarians– people age 100 or older – around the globe, according to a source cited by ScienceDirect.

The world’s 65 and olderpopulation is growing rapidly.

According to the most recentpopulation estimates from the United Nations, “…1 in 6 people in theworld will be over the age 65 by 2050, up from 1 in 11 in 2019. The latestprojections also show the number of people aged 80 or over will triple in thenext 30 years. In many regions, the population aged 65 will double by 2050,while global life expectancy beyond 65 will increase by 19 years.”

Longevity deserves more thoughtthan it often receives. It is an essential part of every financial andretirement plan, influencing savings goals, investment choices, and retirementincome levels. Yet, people often underestimate their potential longevity.

In the United States, the averagelife expectancy at age 65 is 19 years, according to the Centers for DiseaseControl (CDC). Consequently, many people assume they should plan to live toage 84. However, the CDC estimate is an average. Half of 65-year-olds will livebeyond age 84.

When it comes to planning for thefuture, having above average expectations for longevity may be a good idea.

Best regards, 

Womack Investment Advisers, Inc.

 

WOMACK INVESTMENT ADVISERS, INC.

Oklahoma / Main Office: 1366 E. 15th Street - Edmond, OK  73013
California Office: 4660 La Jolla Village Dr., Ste. 100 - San Diego, CA 92122
Phone (405) 340-1717 - Toll Free (877) 340-1717 

 Website:  www.womackadvisers.com

Womack Investment Advisers, Inc. (WIA) is a registered investment adviser whose principal office is located in Oklahoma. Womack Investment Advisers, Inc. is also registered in the State of California, the State of Illinois, the State of Indiana, and the State of Texas. WIA only transacts business in sates where it is properly registered, or excluded, or exempted from registration requirements.


 


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Dateline: Edmond, OK United States
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