Retirement could be harmful to health
Retirement is supposed to be a happy time, a time to kick back and relax after a lifetime of hard work. So why does depression increase 40 percent among retirees? According to new research from the Institute of Economic Affairs, retirement could, in fact, result in medium and long term decline in health. In addition to mental health, the study found that retirees were 60 percent more likely to suffer from a physical condition than those working.
This study observed the relationship between retirement and health, and made statistical adjustments to take into account the fact that many people retire due to ill health, and that there is a general connection between aging and declining health. However, retired people are 40 percent less likely to say that they are in "very good" or "excellent" health than people of the same age who had not yet retired.
The study found that, immediately after retiring, there is an initial improvement in health, most likely attributed to less stress and more time to relax. However, shortly thereafter, health conditions often begin to decline dramatically, as many do not appropriately adjust to the major change in their daily lives, according to the study.