Exercise regularly, be mindful of your diet, and pay off your credit card bills? That very well may be the new mantra for a long life, as a new study finds high debt could lead to an early death. Conversely, those who owe very little are less likely to die at a younger age. Researchers looked at approximately 170,000 credit reports from the Federal Reserve’s Consumer Credit Panel, a nationally representative sample of U.S. consumers and their household members with information in the consumer credit data system. “It seems clear that debt resulting from a financial crisis has lasting effects on health that are substantial enough to increase mortality rates,” the authors write. The authors found a negative association between delinquent debt and health, when measured by mortality, and a positive association between credit-worthiness and health. (studyfinds.org)
Leave a Comment