“We are in the midst of an extraordinary transition that few of us are prepared for. If we get it right, it will be a real gift; to ignore it and fail to prepare will be a curse.”
Life expectancy over the last 200 years has expanded at a steady rate of more than two years every decade. This means that if you’re now 20 you have a 50 per cent chance of living to more than 100; if you are 40 you have a 50 per cent chance of reaching 95; if you 60, a 50 per cent chance of making 90 or more. How will you make the most of this gift of a longer life? And how can coaches help their clients face into the inevitable cultural, social and economic changes this increased life expectancy will bring?
In this year’s Annual Lecture, economist and author Professor Andrew Scott will share his thinking on why the conventional three-stage model of education, work and then retirement is broken in the context of a 100 year life and on what might take its place. He will open out the possibilities of a new multi-stage life incorporating a variety of careers, breaks, transitions and learning periods, a more flexible and responsive way of living. This shift will bring with it fresh challenges. How will we finance this extended life span? What impacts will it have on our careers, our work-life balance, our relationships, our skills, our education, our society? The effects are likely to be far-reaching. And as with any change, many people will need support in adapting, particularly in navigating the fresh and more frequent transitions between work, travel, education and development, home life and what Scott and his co-author of The 100 Year Life term re-creation, periods in which we regenerate our energy, our networks and our skills and knowledge.
Andrew Scott is Professor of Economics at London Business School and a Fellow of All Souls College, Oxford University and the Centre for Economic Policy Research. He has previously taught at Harvard and London School of Economics. Professor Scott has served as an advisor