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What your finances say about your health and longevity – Telegraph.co.uk

January 18th, 2020 8:41 pm

There are a great number of reasons for hoarding wealth security, stability, a dragon-like desire to sit on a huge treasure trove but thanks to a new study you can now justifiably say that topping up your bank balance is a health choice.

The study by researchers at UCL found that having a net household worth of 488,000by the age of 50 adds nine years to your life, compared to those with just 28,000 of assets. The study also found that those extra nine years will be lived in good health because more affluent people are more likely to remain fit, active, and independent in their later years

There's clearlogic behind theidea that being wealthy makes you healthier. With more money comes more stability, access to better healthcare, and improved lifestyle options (a homecooked meal of vegetables is more expensive than a supermarket pizza; and gym memberships can easily set you back 100 a month). According to ONS reports the healthy life expectancy gap between the richest and most deprived parts of the UK is 19 years.

And make no mistake, having a net worth of 488k makes you wealthy. According to a report from the BBC in 2019 based on figures from the Resolution Foundation, the average 51-60 year-old has a total net worth of around 275,000, far short of that nine year life bonus.

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What your finances say about your health and longevity - Telegraph.co.uk

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