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Retirement Adverse Mental and Physical Health

A recent study found that retirement has adverse impact on mental and physical health.
The study, published by the Institute of Economic Affairs (IEA), a research institute based in London, England, found that retirement can lead to “drastic decline in health” in the medium and long term.
The study suggests that people should work longer because it is good for health and the economy.
The British government has plans to raise the official retirement age. In addition, the government also changed policy related to pensions.
The study, also published in collaboration with the local charity Age Endeavour Fellowship, comparing those who retired with people who continue to work after their retirement past age. It also takes into account other factors that might be.
Philip Booth, program director at the IEA, said that the government should change the terms of the labor market and allow people to work longer.
There is no age ‘normal’ for retirement
“Working longer is not only nice to meet economic needs, but also make people live healthier,” he said.
Edward Datnow, chairman of Age Endeavour Fellowship, said: “There should be no retirement age is no longer ‘normal’ in the future.
“Companies need to consider how they are to harness the untapped potential of the parents in the UK. While they are planning to retire should think further about whether it’s their best option.”
This study shows that there is little improvement in health not long after people decided to retire. But in the long run there will be a significant reduction.
Retirement increases the risk of clinical depression assessed by 40% and 60% chance to suffer physically.
This impact is the same for women and men, while the risk for becoming ill increases with the length of time during the retirement years.