<transcript><audio_75>that age 65 in 1965 is the equivalent of age 74 today in terms of life expectancy Health figure you reach 65 in good health you have a quarter of your life still ahead of you so see I'll just talk about the young old you don't get to be</transcript><transcript><audio_76>old oh now until you're late 80s or early 90s we chose 65 as a time you were old and we're supposed to retire back in 1906 when seven percent of Americans lived to the age of 65. and we say well my gosh you make it to 65. you deserve to be taken care of by the rest of us</transcript><transcript><audio_77>for those couple of months you have to go fishing would you sit in your fridge it's an incredible expansion of life when 65 is the old 45 45 is the old 25</transcript><transcript><audio_78>I I tell my students you graduate from rice at the age of 21 you have 60 years of vigorous adult life ahead of you what are you going to do with those 60 years and the old idea that I grew up with the one life one career imperative you decide what you're going to do the age</transcript><transcript><audio_79>of 21 and then you do that non-stop full-time until you're 65 and then retire with a pension not the 21st century it's a fascinating sort of openness of lives and and and opportunities for Creative uh changing of careers we think the average college</transcript> that age 65 in 1965 is the equivalent of age 74 today in terms of life expectancy Health figure you reach 65 in good health you have a quarter of your life still ahead of you so see I'll just talk about the young old you don't get to be old oh now until you're late 80s or early 90s we chose 65 as a time you were old and we're supposed to retire back in 1906 when seven percent of Americans lived to the age of 65. and we say well my gosh you make it to 65. you deserve to be taken care of by the rest of us for those couple of months you have to go fishing would you sit in your fridge it's an incredible expansion of life when 65 is the old 45 45 is the old 25 I I tell my students you graduate from rice at the age of 21 you have 60 years of vigorous adult life ahead of you what are you going to do with those 60 years and the old idea that I grew up with the one life one career imperative you decide what you're going to do the age of 21 and then you do that non-stop full-time until you're 65 and then retire with a pension not the 21st century it's a fascinating sort of openness of lives and and and opportunities for Creative uh changing of careers we think the average college
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