The Long View
The Long View

Laura Carstensen: 'I'm Suggesting We Change the Way We Work'

Americans don't just need to work longer, they need to work differently, according to a noted longevity researcher.

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Episode Summary

Executive Summary: Stanford psychologist Laura Karstenson explains that older adults often maintain emotional advantages, supported by positive focus and meaningful relationships, even amid crises. She argues that rapid longevity gains require society to redesign work, education, retirement, and community support. Purpose, social ties, health, and exercise foster well-being; longer lives also heighten inequality and the need to address dementia and plan for later life.

Main Topics: Emotional well-being and aging: Older adults showed better emotional well-being than younger groups during the pandemic, consistent with pre-pandemic patterns. Positive attention and strong close relationships may help, though isolation and distress affected some older people. Longevity gains, causes, and disparities: Life expectancy rose dramatically through public health, education, and healthier living—not simply medical treatment. The gains are uneven: poverty, drug use, and other preventable causes have contributed to declining life expectancy in some U.S. populations. Redesigning work and retirement: Karstenson argues that longer lives make traditional, lengthy retirement difficult to sustain. More flexible work across the lifespan—varying hours, taking breaks, and returning to education—could support finances, health, purpose, and work-family balance. Purpose, relationships, and well-being: Purpose, meaningful social connections, good health, and exercise are associated with happiness and longevity. Older adults often prune their networks, retaining fewer but closer relationships; disengagement from all meaningful roles can undermine well-being. Living arrangements and mutual support: Evidence does not establish that one housing model makes older adults happier; people tend to choose arrangements that suit them. Shared services, nearby friends, and non-biological support networks may help address caregiving and resource needs. Cognition, positivity, and communication: Exercise and education are associated with better cognitive health, but dementia still requires scientific investment. Positivity is goal-related rather than fixed, though it can create risks in some situations. Advisors and advertisers should avoid stereotypes and connect with older adults’ goals.

Key Arguments: Older adults’ emotional advantage persisted during the pandemic despite their greater physical risk; positive recall and prioritizing close relationships may help explain the pattern, although it does not describe every individual. The steep rise in average life expectancy largely reflects fewer premature deaths and broad social changes, including sanitation and public education; it does not establish that human biological lifespan has increased. Purpose in life is associated with longer life even when health and lifestyle factors are controlled. Education appears more predictive of staying healthy, while wealth is more predictive of outcomes after illness. Declining U.S. life expectancy reflects concentrated, preventable harms in some populations rather than evidence that longevity has reached a universal biological limit. Longer lives are a social and economic challenge because existing retirement practices and programs were designed for a different population age structure. Flexible, extended working lives are one proposed response, not simply working the same hours for more years. Work can provide purpose, social contact, physical activity, and cognitive stimulation, but its benefits need not require exhausting schedules; flexibility and opportunities to cycle between work and learning matter. Happiness later in life depends more on health, relationships, community, and meaningful goals than on money itself. Wealth can help by expanding access and flexibility. Older adults’ social networks often shrink through selective pruning, improving their concentration of meaningful relationships; introverts also need social connection, though the amount and form may differ. Older adults’ positivity is a default shaped by goals, not an unchangeable deficit: people can focus on negative information when their goals make it relevant. Still, awareness may help guard against scams. Retirement planning should continue after the retirement date and focus on what people want their lives to look like, not only on investment balances.

Data Points: Life expectancy for most of human evolution: About 18–20 years - Karstenson describes this as an estimate for most of human evolution and says it remained around this level as recently as 5,000 years ago. U.S. life expectancy: 47 years in 1900; 77 by the end of the 20th century; 79 today - Figures cited to illustrate the rapid rise in average life expectancy; the transcript does not specify the reference year for 'today.' Children dying before age five in the U.S. in 1900: 1 in 4 - Cited to show that early public-health efforts focused heavily on preventing deaths among young children. U.S. population over age 65: 4% about 100 years ago - Used to explain why dementia was a less prominent societal concern when relatively few people reached older ages. Women who do not have children: 20% today - Karstensen cites this in discussing the importance of friendship-based support networks alongside biological family. Potential retirement duration: 30–40 years - She warns that much longer lives can mean retirement periods that most people cannot finance through a conventional career and savings pattern. Typical social-network trajectory: Networks grow from roughly ages 20 to 30, then tend to narrow from around the 40s onward - Karstensen says later-life narrowing often reflects selective pruning toward more meaningful relationships.

Pivotal Quotes: "The problem is we aren't changing fast enough." — Dr. Karstenson: Her central point about the mismatch between longer lives and social policies, work practices, and retirement norms. "Those people who have a real sense of strong purpose live longer than people who don't, controlling for health and lifestyle and drinking and smoking." — Dr. Karstenson: She describes purpose as a longevity correlate beyond common health and lifestyle factors. "I'm suggesting we change the way we work. We work in a much more helpful way, and we work longer." — Dr. Karstenson: Her proposal is not to extend today’s demanding work pattern unchanged, but to create more flexible work over longer lives.

Implications: Individuals should plan for meaningful roles, relationships, health, and finances throughout longer lives—not just save for a retirement date. Employers and policymakers may need flexible work and lifelong learning; advisors should center clients’ goals and avoid age stereotypes.

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Expand your investing horizons and look to the long term. Join hosts Christine Benz, Dan Lefkovitz, and Amy C. Arnott as they talk to influential leaders in investing, advice, and personal finance about a wide-range of topics, such as asset allocation and balancing risk and return.

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