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, Deborah, Simon Kelly, Rupendra Shrestha, Emily Callander, Megan Passey, and Richard Percival. 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, Deborah, Simon Kelly, Rupendra Shrestha, Emily Callander, Megan Passey, and Richard Percival
Volume & Issue
Volume 153, Issue 1
Pages
203-10
URL
Read Full Resource

Categories

  • Cost of Disease
  • Economic Burden

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