According to a new study, retiring early could not only hurt financially, but it may be hazardous to your health.
Bloomberg reported Monday on a joint study by Maria Fitzpatrick at Cornell University and Timothy Moore at the University of Melbourne, which shows a connection between an increase in early deaths and people who take early retirement, applying for Social Security benefits at age 62.
According to the study, about a third of all Americans apply for Social Security benefits the first month after they turn 62 years old. In that same group, there is a sudden rise in mortality, mostly among men, where the mortality rate jumps 20 percent.
The study also indicates it makes a difference where people live, with working-age people in rural America seeing a noticeable jump in mortality rates since the year 2000.
Drug-overdoses and abuse of prescription medications have also caused an increase in the mortality rate.
The study shot down the argument that poor health could be blamed on the lack of grocery stores with “healthy foods” in poor neighborhoods, and said adding supermarkets with healthy options didn’t necessarily change eating habits or regional preferences.
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