Silver Book Fact

Persistent back problems reduce financial capacity by reducing wealth accumulation. Over 99% of individuals who are employed full-time have accumulated some wealth at 65 years, whereas only 74% of those who are out of the workforce due to back problems will have done so. Additionally, women who retire early due to back problems have a median value of total accumulated wealth at 65 of as little as $3,708. The median value of accumulated wealth for women ages 55-64 who remained in the workforce full-time is $214,432 at the age of 65.

Schofield D, Kelly S, Shrestha R, et al. The Impact of Back Problems on Retirement Wealth. Pain. 2012; 153(1): 203-10. http://www.ncbi.nlm.nih.gov/pubmed/22192565

Reference

Title
The Impact of Back Problems on Retirement Wealth
Publication
Pain
Publication Date
2012
Authors
Schofield D, Kelly S, Shrestha R, et al
Volume & Issue
Volume 153, Issue 1
Pages
203-10
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • The Percentage of Americans Age 20 and Older With Pain is On the Rise  
  • Persistence of Pain Increases with Age  
  • More than 26 million Americans between the ages of 20 and 64 experience frequent back pain.  
  • At least 1 in 3 Americans will experience severe persistent pain during their lifetime.  
  • A survey about how persistent pain patients deal with pain found that 20% have taken disability leave from work, 17% have changed jobs, 13% have sought help with activities of…