New Study Finds Financial Planning Linked to Better Health

In a recent New York Times article entitled “Your 401(k) is Healthy.  So Maybe You Are, Too” Matt Richter explores the results of a new study, conducted by researchers from the Olin Business School at Washington University in St. Louis, which revealed that those who take steps to plan for their financial futures are actually healthier than those who don’t. The correlation is psychological in nature.  People predisposed to being proactive about their financial health are simply more proactive about their own physical health.  Specifically, participants in the study who contributed to their 401(k) plans outscored participants who did not make such contributions in a series of test.  401(k) contributors had lowers cholesterol and better blood tests results than non-contributors overall, for instance.

Posted by Caroline Lisankie, Associate Editor, Wealth Strategies Journal