Ben Sherwood, author of The Survivors Club, says yes, conventional wisdom is that recessions are miserable for your health. One frequently cited statistic: For every one percent increase in the unemployment rate, you can expect to see 47,000 additional deaths because of heart disease, suicide, murder, and excessive drinking.
More recent research says that recessions are actually good for your health. A one percentage point increase in unemployment “decreases predicted fatalities by roughly 0.6 percent, or around 11,000 deaths annually.” The main reason: Fewer people working means fewer people are on the road. In turn, that leads to fewer accidents and deaths. In addition, when unemployment goes up, people smoke less, eat more healthily, and exercise more. They have less money to waste and more time on their hands. How’s that for lemonade out of lemons? ( Transcript, Audio)
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1. The recession is good for your health Ben Sherwood, author of The Survivors Club, says yes, conventional wisdom says that recessions are miserable for your health. But recent research says that recessions are actually good for your health.
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