When accumulating wealth, we tend to put more emphasis on making money, but we often overlook our health. Health is a valuable commodity – having a good physical state gives you more energy, drive and time to pursue your career. Even though we might have many goals, our health is the most important one. If we ignore our health, we can lose the money we make, and this is a real shame.
While the United States and other high-income countries do tend to have higher health rates, there is a distinct disparity. For example, Americans with high incomes tend to live longer, and they are less likely to suffer from chronic illness and premature death. However, those in the middle socioeconomic group do not have this same health advantage. If wealth can buy health, it can’t hurt – we just have to be more aware of the disparities.
A study conducted by psychologists found that the correlation between income and health is real. The study found that a positive attitude towards life and work can lead to a long and healthy life. Interestingly, the correlation between income and health is more nuanced. Rich people often report better health than low-income people, and people who earn more are less likely to suffer from stress and obesity. So do you agree that wealth can buy health?
A systematic review of 29 studies found that people with more money have longer lives, lower rates of chronic disease and improved functional status over their lifetime. While these findings are based on single studies, more recent studies have found longitudinal relationships between wealth and health outcomes, including decreased mortality, higher life expectancy, and reduced risks of obesity and asthma. The results are clear: people with more money tend to be healthier, but are they living longer?
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