The money may run out before the life does. Longevity is the risk nobody is glad to have.
This is a need. Something a person cannot ignore. Non-negotiable, usually urgent, and the most reliable foundation for a business. It is felt by the individual, continuously, and rates 5 out of 5 for the pressure it exerts.
It comes from Mortality and Scarce resources meeting the demands of Retirement. The constants never change; the phase decides which of them presses hardest.
The market has answered it in 4 ways: Annuities, Long-term care insurance, State pension and social security and Withdrawal-rate strategies
Those answers were not free. Between them they created 1 further frictions, which is where the next layer of industries comes from.
Its neighbourhood
Everything this entry connects to directly. Click any point to follow it.
Relieved by
Every one of these is a business, an institution or a habit built on this single pressure.