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2. The risky world in which we age

Course video 21 of 31

In this week, Professor Ian McDonald explores private and public support for older people with examples from Australia and other parts of the world. He covers the major sources of risk that make decision-making and planning for our later years difficult, including financial, longevity and health risks as well as suggests ways to manage these risks. Professor McDonald also focuses on the shortcomings in individual decision-making and increasing fiscal pressures on government. Economic planning for the future is complex, with significant uncertainty around productivity, employment, health, technology and pension projections. Irrespective of your age, we are all facing issues concerning how to optimally prepare for our longer lifespans.

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