The Globe and Mail reports in its Wednesday, July 9, edition that Keith Richards, as he enters his 80s, inspires workers nearing retirement to consider continuing their careers, much like him and other active musicians. The Globe's David Berman writes that
he can look at the likes of Mr. Richards, Madonna, Neil Young, Diana Ross, Paul McCartney, Bob Dylan or Willie Nelson and conclude that an easier life far from a stage -- or desk -- might not be an ideal pursuit just yet. Many multimillionaires show that staying active may be driven by factors other than just making more money. For one thing, we are living longer, healthier lives. A report from Goldman Sachs earlier this year noted that a 70-year-old in 2022 had the same cognitive ability as a 53-year-old in 2000. Goldman economist Kevin Daly said in a report, "In a very tangible sense, 70 is the new 53." The average number of years a person stays active in the labour market has risen to 38 years from 34 years. Mr. Daly said, "This trend toward extending working lives shows little sign of abating and is taking place in countries with minimal changes to pension laws, suggesting an adaptive response to increased longevity."
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