Rich Americans are Less Stressed
Americans are more stressed than they have been for four decades, but having money may be able to buy some relief.
A new report says that rich Americans are twice as likely to say they are in good health compared to lower-income individuals. And while they are also less likely to have high stress levels, the paper released by the Brookings Institution’s The Hamilton Project says all Americans, regardless of income, have higher levels of stress than they did four decades ago.
"We were surprised that health appears to be deteriorating for people across all income groups, though the change is more pronounced for those with low incomes," said Diane Whitmore Schanzenbach, director of The Hamilton Project, CNN reported.
Schanzenbach added that the team of experts do not know which aspect of income drives the differences within stress for different socio-economic demographics.
The team at Brookings Institution analyzed data on incomes, body mass indexes, stress loads and self-reported health with data collected from 1976 to 1980 and 2009 to 2014 from the U.S. Centers for Disease Control and Prevention.
The data revealed that even though obesity has been on the rise for 40 years, people with higher incomes reported better health and lower stress levels than those with lower incomes. Even though stress levels have increased for all income groups over the decades, the stress levels for lower-income individuals increased by a larger percentage.
The study also found that younger Americans reporting “excellent” or “very good health” declined by 10 percent between 1970 and 2014.