Furthermore, this is just the impact of the aging population on business cycles, there is also the very serious problem of how it will affect our finances.

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On top of this lies the problem of an aging population, exacerbated by the size of the baby boomer demographic.

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They are expected to benefit from the aging of a population ever more reliant on prescription drugs, as well as wider availability of advanced medicines and health insurance coverage.

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These ranged from a world run by robots, where advances in artificial intelligence gradually increase our dependence on technology, to an aging population, where changing demographics alter the needs of the workforce.

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"If we want to keep people in their vehicles, it's key we integrate systems to support them, " says Bryan Reimer, a researcher with the Massachusetts Institute of Technology AgeLab, which focuses on innovations for an aging population.

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