From the June 2010 issue of Investment Advisor • Subscribe!

June 1, 2010

The Wisdom of Dr. Butler

A sidebar to the feature "Longevity, Your Clients and You."

On Alzheimer's: "It's the most common form of dementia, but there's no evidence that it's more frequent than before. It's simply that more people are surviving into old age, where they become more susceptible, and we are getting better at diagnosing it."

On how an older population will change the country: "Just as when you have a very youth-oriented culture--think of China's one child policy, which has produced a generation of 'little emperors'--now, just by sheer numbers, we'll have more of a consciousness and focus on aging."

On changes in compensation as the population ages: "Time is the ultimate currency, as Daniel Kahneman has said, and boomers who are still working may well want more of it in their compensation."

On the link between wealth and healthcare: "There's a strong relationship between healthy longevity and wealth. Healthy children who become healthy adults have good jobs, save more, have a healthy old age. Imagine the economic value of an individual who can continue to be productive, to invest and give back, all his life."

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