Longer life expectancy has led to stagnation due to those older in power and owning wealth to have reduced risk appetite for investment and innovation, leading to maintaining the status quo and their quality of life for the balance of life remaining. They are stealing from the future through the demand for profits today.

Peter G. Peterson wrote about this in Gray Dawn 25 years ago, Scott Galloway talks about it today.

https://openlibrary.org/books/OL385129M/Gray_dawn

https://www.ted.com/talks/scott_galloway_how_the_us_is_destr...