FOXNEWS - Is the thought of looming retirement and availability of Social Security killing you? Two researchers say yes.
Maria D. Fitzpatrick of Cornell University and Timothy J. Moore of the University of Melbourne said they analyzed the mortality rates in the U.S. and noticed that many older Americans – but disproportionally men who retire at 62 – are affected by sudden increased rates of death.
“A lot happens in our early 60s. Some change jobs, scale back working hours or retire. Our health-care coverage may shift. We may have fewer financial resources, or we may begin collecting Social Security," Fitzpatrick told The Wall Street Journal. “About one-third of Americans immediately claim Social Security at 62. Ten percent of men retire in the month they turn 62.”
The numbers, according to the study, show that there is a two percent increase in male mortality at age 62 in the country. “Over the 34 years we studied, there were an additional 400 to 800 deaths per year beyond what we expected, or an additional 13,000 to 27,000 excess male deaths within 12 months of turning 62,” the professor said.
The researcher blames the increased mortality on the retirement as retirees tend to withdraw from life and no longer see the point in engaging.
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