New Study Suggests Saving for Your Retirement Can Improve Your Health
A new study has found that saving up for your retirement may make you healthier in addition to wealthier.
According to a July 13 USA Today article, the study, conducted by Lamar Pierce, an associate professor at Washington University, and doctoral candidate Timothy Gubler found that people who actively save money toward their retirement are also more likely to take care of themselves and their well-being.
The reason behind this is a phenomena called time discounting, USA Today reports, which is an individual's affinity toward smaller, immediate rewards over long-term goals and desired results.
Because people who allot money toward their retirement are the type of people to value long-term goals in the future, which means they are more likely to improve their health after receiving...