If you’d like to earn more money, sleep more seems to be the key to higher wages. A 2016 study from Matthew Gibson of Williams College and Jeffrey Shrader of the University of California at San Diego showed that people who increased their sleep by just one hour a night saw their wages increase by 1.3% in the short run and by 5% in the long run.
The sleep deprivation is not only bad for your health, but it’s also bad for your bank balance. Researchers from the London School of Economics found that just one hour less sleep each night can reduce household income by up to 11 per cent, with the impact accumulating with more time spent awake.
According to a study from CreditCards.com, 65% of Americans are losing sleep over money issues. A recent study by Rand Europe shows that a third of American workers report they regularly get fewer than seven hours of sleep a night, leading to the loss of some 1.2 million working days and robbing the U.S. economy of an estimated $226 billion annually.
Getting more sleep paid a big dividend to your health. In addition, more sleeps help you earn more in the long run. It’s a win-win situation for all employees.