Wealth is good for your health, finds study

May 07, 2009

(PhysOrg.com) -- Wealth and social class has a greater impact on the health and well-being of the elderly than previously realised, according to new research.

The Economic and Social Research Council funded study, led by Professor James Nazroo from The University of Manchester with a team at University College London and the Institute for Fiscal Studies, found that:

• People from lower socio-economic groups, on average, die earlier than their wealthier counterparts.

• People from lower socio-economic classes, and people with less education and , are more likely to suffer from both self-reported illnesses such as, depression, and also from long-term conditions such as high blood pressure, diabetes and obesity.

• The inequalities in health and life expectancy arising from socioeconomic inequalities persist into the oldest ages, although they are larger for those aged in their 50s and 60s.

• Early retirement is generally good for people’s health and well-being unless it has been forced on them - and this is usually because of redundanc or poor health.

• People forced into early retirement generally have poorer than those who take routine retirement, who in turn have poorer mental health than those who have taken a voluntary early retirement.

• Older people who participate in non-work activities, such as volunteering or caring for others, have better mental health and well-being, but only if they feel appreciated and rewarded for their contribution.

“These findings have important implications for us all,” said Professor Nazroo who is based at The University of Manchester’s School of Social Sciences.

“Increases in life expectancy raise major challenges for public policy. Among these is the need to respond to marked inequalities in economic position and at older ages.

“In addition, despite the fact that we are all living longer, many people now stop work before the statutory retirement age and a large proportion of these still have the potential to provide a positive input into society, the economy and their own well-being.

“Our findings will help us understand how society can help people realise this potential.”

The study was based on a detailed analysis of the English Longitudinal Study of Aging (ELSA) using data collected between 2002 and 2007.

Provided by University of Manchester (news : web)

Explore further: Sexual fantasies: Are you normal?

add to favorites email to friend print save as pdf

Related Stories

Study finds billions contributed by older people

May 24, 2007

The largest study of ageing and retirement ever undertaken, conducted for HSBC by the University’s Institute of Ageing, has found that far from being a drain on society, older people are huge contributors to their nation’s ...

Smoking doesn't make you happy

Mar 06, 2008

If you are planning to ignore the messages of national No Smoking Day on 12th March by claiming that smoking is one of the few pleasures left to you, then recent research from the Peninsula Medical School in the South West ...

Study examines working couple's retirement patterns

Nov 18, 2008

When retiring, men are more likely than women to move directly from work to retirement, but overall the retirement patterns for dual-income married couples are complex and call for additional considerations in planning for ...

Recommended for you

Independent safety investigation needed in the NHS

1 hour ago

The NHS should follow the lead of aviation and other safety-critical industries and establish an independent safety investigation agency, according to a paper published today by the Journal of the Royal Society of Medicine. The au ...

Sexual fantasies: Are you normal?

5 hours ago

Hoping for sex with two women is common but fantasizing about golden showers is not. That's just one of the findings from a research project that scientifically defines sexual deviation for the first time ever. It was undertaken ...

AMA 'Code of Ethics' offers guidance for physicians

10 hours ago

(HealthDay)—The American Medical Association (AMA) Code of Ethics and other articles provide guidance for physicians in relation to public health emergencies, according to a report from the AMA.

User comments : 2

Adjust slider to filter visible comments by rank

Display comments: newest first

Towchain
not rated yet May 08, 2009
The wealthy will be the first against the wall when the revolution comes. Let's see how good wealth is for their health then. j/j!
enantiomer2000
not rated yet May 08, 2009
LOL. I was just commenting on the Sirius Cybernetics Corporation this morning.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.