Life Expectancy, Money And Stress

By |2014-04-21T16:19:18+00:00April 21st, 2014|Annuities|

By Bill Broich

A recent article in the Wall Street Journal about a Brookings Institute report indicated that there is a major connection between longevity and money.  It seems that the richer are able to achieve a longer life expectancy.  I am sure it is true since a wealthier person is able to afford more and better health care, which seems logical.

On an average, women in the top 10% will live 12.3 years longer than women in the bottom 10%.  Obviously those with access to medical care have an advantage.

Mr. Bosworth who compiled the statistics for the Brookings Institute used data from 26,000 men and women along with existing data from the Social Security Administration.

If you have money then you live longer, right?  The answer is both yes and no, according he the Social Security Administration, it also has to with income, those who had earned less income over their working lives would have paid less income Social Security and thus their retirement income would be less than a full contribution would have produced.

Less income, less medical care, shorter life expectancy.

But does it go deeper than that?  Is there more than just visits to a doctor that help lengthen life expectancy? If life expectancy is based on access to and the availability of income, then what would be the other underlying factor?

If you have less money and income then you worry and the real killer emerges, stress. My guess is that stress levels do more damage to the body than any other factor, stress and worry about money and income contribute to a shorter life expectancy.

The use of our products as an income stream means one simple yet important thing, you cannot outlive the money.  If you know the income is there month after month then would it not make sense that a person’s stress level would be reduced? Think of it this way, stress kills, having a safe and secure income that cannot be outlived should then help reduce stress.

It is not only living longer that is important; it is living happier and fuller.  We all can’t be in the top 10% of wealth (or top 50%) but we can approach the issue with an eye towards how to reduce stress.  Remember it is not how big your pile of money is that is important; it is how much income it will provide you each and every month.

Mr. Bosworth’s article is very informative; I have enclosed a link to it at the Wall Street Journal.



About the Author:

Bill Broich
Bill Broich is a well-known annuity expert with over 30 years of experience. He has written hundreds of articles on annuities and other financial topics, and has been a featured commentator on TV, Radio and the Internet. To follow Bill's profile, click here.