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Delaying a life milestone by just one year lowers your risk of dying by 11%
A longitudinal study of nearly 3,000 older adults makes a surprisingly strong statistical case that staying in the workforce longer — even just one more year — meaningfully extends your life.
- “Delaying retirement by one year decreased the risk of death from any cause by 11%, despite lifestyle, health or social and demographic characteristics.”
- Even unhealthy retirees who delayed retirement saw a 9% decrease in all-cause mortality risk — lower than the healthy group's 11%, but a significant reduction nonetheless.
- Work is a key component of many people's identities, providing financial, social and cognitive resources — and retiring potentially takes those away, leading to stress, cognitive decline, anxiety and depression.
- The study covered 2,956 older adults using Health and Retirement Study data from 1992 to 2010, tracking health conditions, family networks, finances and employment status.
- As of June, 42% of sitting CEOs were age 60 or older — and a 2019 study suggests they may have the right idea about when to retire.