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, Callander E, 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, Callander E, et al
Volume & Issue
Volume 153, Issue 1
Pages
203-10
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

Related Facts

  • A survey of U.S. nursing homes found that in most states, at least 39% to 46% of residents are in persistent pain.  
  • A person with moderate pain has health care expenditures $4,516 higher than those without pain. A person with severe pain has health care expenditures $3,210 higher than those with…  
  • An estimated 80% of surgical patients report post-operative pain. Around 10% to 50% of those patients develop persistent pain, and for 2% to 10% of them the persistent pain…  
  • 71% of patients with persistent pain taking opioids for their pain have seen a health care professional in the past month. 1 in 4 have seen a health care…  
  • An Internet survey found that the typical patients with persistent pain takes pain medication as many as 4 times a day–including a prescription 2.6 times a day. 43% of…