It has been well-documented that a weak economy can be detrimental to a person’s health. Those suffering with major illnesses like heart disease and cancer have long reported that they thought the stress of a struggling economy worsened their physical condition. A weak economy forces many to cut their health care expenses and one study found that the elderly experienced a steep decline in physical health and increased depression after the stock market crash of 2008. So if the economy gets better, the elderly will too, right?
Researchers have recently found that fewer people die during economy downturns than do during times of economic growth. The key demographic was discovered to be people age 65 and up, who represented 75% of the rise in deaths during economic expansions. A strong economy can lead to a shortage of front-line caregivers in nursing homes as they find higher-paying jobs elsewhere. Elderly women, making up 55% of the death increase, were found to be more at-risk than elderly men as they are more likely to outlive their husbands and spend their final years in a nursing home.
For more information, visit: https://www.newsnet5.com/dpp/news/health/medical-a-strong-economy-may-be-a-danger-to-fragile-seniors