Report states people may live to be 1,000 years old

People living longer, what it means for retirementRecent report states that due to medical advances, people will live to past 100 years old, reaching 150 or possibly even 1,000, according to The Street. Furthermore, it was stated that the person who lives to be 1,000 could be born in the next two decades. One of the biggest questions that arises with such findings is what is going to happen to retirement living?

The report was written by gerontologist Dr. Aubrey de Grey, and it claims that due to medical advances in the restructuring of organs and tissues could lead to much longer lives, according to the news provider.

It has already been reported that 75 is the new 65 as baby boomers enter the retirement age and opt to keep up their active lifestyles. These statistics, however, take it to an entirely different level.

"Even small changes in life expectancy produce large changes in the number of older Americans," Dr. S. Jay Olshansky, a professor and an author on the study, told the news source. "Therefore, our projections of longer life expectancy have profound implications for America's fiscal situation, health care system and labor markets."

Planning early for retirement is one way to keep entering the golden years as fluid and easy as possible, according to the Globe and Mail.