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 »

Drug Lookup

Browse drugs by: BrandGenericDisease

More in Home

CDC: Progress in HIV Prevention Has Stalled in the United States

CDC: Progress in HIV Prevention Has Stalled in ...

Agency says effective HIV prevention, treatment not reaching those who could most benefit

AAAAI: Egg Oral Immunotherapy Shows Sustained Benefit in Children

AAAAI: Egg Oral Immunotherapy Shows Sustained Benefit in ...

All children with sustained unresponsiveness ingested concentrated and baked egg

Prenatal Vitamin Intake in Early Pregnancy May Cut Autism Risk

Prenatal Vitamin Intake in Early Pregnancy May Cut ...

ASD risk down for children whose mothers took prenatal vitamins during first month of pregnancy

is free, fast, and customized just for you!




Already a member?

Sign In Now »