HomeLifeStudy suggests that higher income is linked to longer life expectancy

Study suggests that higher income is linked to longer life expectancy

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New research shows that every $50,000 of income lowers a person’s risk of death by five percent

In a world where money seems to be the answer to many problems, new research from Northwestern University sheds light on an unexpected benefit of wealth – a longer life. The study, which tracked 5,400 Americans over nearly 25 years, found that for every $50,000 accumulated by middle age, an individual’s risk of death decreased. And for those who had significantly more wealth than their siblings, their chances of outliving them increased.

The findings are particularly relevant in the context of the COVID-19 pandemic, which widened the wealth gap and saw a rise in the number of millionaires in the U.S. Mortality rates fell by five percent for every additional $50,000 of net worth accumulated by middle age, highlighting the link between affluence and longevity.

The study also looked at siblings and twins, finding that those with higher net worth were more likely to outlive their siblings on smaller salaries. This suggests that wealth accumulation plays a significant role in determining life expectancy, independent of heritable traits or early experiences.

The research, published in JAMA Health Forum, used data from the Midlife in the United States (MIDUS) project to analyze the connection between net worth and longevity. The results remained consistent even after accounting for factors like heart disease or cancer, highlighting the importance of financial security in maintaining good health.

As the study’s senior author Greg Miller notes, “building wealth is important for health at the individual level.” The findings underscore the need for policies that support individuals in achieving financial security, especially in a society where wealth inequality is on the rise.

In conclusion, while money may not buy happiness, it could buy you a longer life. The research from Northwestern University provides valuable insights into the link between wealth and longevity, emphasizing the importance of financial security in promoting good health.

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