Researchers at the Institute of Economic Affairs (IEA) and the Age Endeavour Fellowship found that while health boosted momentarily after retirement, it declined faster in the long run than the health of people who chose to keep working.
This significant decline has led the group to controversially call for a rise in the state pension age to discourage people from retiring.
The study, called ‘Work Longer, Live Healthier: The Relationship Between Economic Activity, Health and Government Policy’, found that retirement increases the likelihood of depression by as much as 40%.
It also increases the chance of having at least one physical problem by around 60%. The likelihood of being on medication also increases by around 60% for those who are retired, and these people are also 40% less likely than their employed peers to describe themselves…