MarketWatch contributor Richard Eisenberg considers the "longevity bonus"—which, according to recent mortality statistics, has added an extra 30 years to modern lifespans—and takes a look at the potential economic impact of that extra time.

Eisenberg asks: how will the longevity bonus affect how Americans approach work and retirement, which products and services will succeed, and what do people need to do to adapt and avoid financial consequences?

Former Nebraska Senator Bob Kerrey offered a warning about the financial pinch the longevity bonus could have on some older Americans: “If all you have is Social Security when you retire, you will almost certainly live in poverty,” he said. “Unfortunately, way too many are heading for that moment.” However, he added, “people who save money will live very well and be very active.”

Read more >