Mental Health Issues Impact Retirement Saving Behavior

This article originally appeared here.
Share this content:
Mental Health Issues Impact Retirement Saving Behavior
Mental Health Issues Impact Retirement Saving Behavior

FRIDAY, Oct. 13, 2017 (HealthDay News) -- Mental health, as assessed by psychological distress, is associated with retirement saving behavior, according to a report published online Aug. 29 in Health Economics.

Vicki L. Bogan, Ph.D., from Cornell University in Ithaca, N.Y., and Angela R. Fertig, Ph.D., from the Media Research Institute in Minnetonka, Minn., discuss the role of mental health issues in retirement savings.

The authors note that mental health issues have a large and significant impact on saving for retirement. Psychological distress correlates with reduced probability of holding retirement accounts and decreasing retirement savings as a share of financial assets by as much as 24 and 67 percentage points, respectively.

"The magnitude of these effects underscores the importance of employer management policy and government regulation of these accounts to help ensure households have adequate retirement savings," the authors write.

Abstract
Full Text (subscription or payment may be required)

Share this content:

is free, fast, and customized just for you!

Already a member?

Sign In Now »


Sign up for myCME e-newsletters


Drug Lookup

Browse drugs by: BrandGenericDisease

More in Home

NTproBNP Levels Are Significantly Lower in Blacks

NTproBNP Levels Are Significantly Lower in Blacks

Higher NTproBNP levels linked to increased risk of death; this association did not differ by race

Data May Weigh on Pros/Cons of Expanded Care Optometry

Data May Weigh on Pros/Cons of Expanded Care ...

Majority of residents in Kentucky, Oklahoma, New Mexico live within 30 minutes of ophthalmologist

Gaps Seen Between Hearing Loss, Receipt of Medical Evaluation, Tx

Gaps Seen Between Hearing Loss, Receipt of Medical ...

About 20.6 percent of those with hearing less than excellent/good had visited doctor for hearing issues

is free, fast, and customized just for you!

Already a member?

Sign In Now »