Escalating Millennial Health Problems Could Spell Trouble For U.S. Economy, Study Finds

(CBS Local) — The health of millennials is deteriorating more rapidly than the generation before them and that could have a crippling effect on the economy, according to a report published Wednesday. The study by Moody’s Analytics used data from the Blue Cross Blue Shield Health Index and paints a dismal picture of how the 2007-09 economic recession affected millennials’ health. Millennials, born from 1981 to 1996, suffer from higher rates of physical ailments, such as hypertension and high cholesterol, as well as behavioral health problems, such as depression, when compared to when Generation X, born between 1965 and 1980, was the same age, researchers said. Without intervention, millennials could feasibly see mortality rates climb by more than 40 percent compared to Gen-Xers at the same age,” the report says. In addition, health care costs for millennials are projected to be as much as 33 percent higher than Gen-Xers experienced at a comparable age. More millennials are suffering from chronic illnesses — high blood pressure, depression, high cholesterol — and that could be hurting their economic potential https://t.co/NeT9TSYAFP — Bloomberg Economics (@economics) November 6, 2019 “Under the most adverse set of projections, lower levels of health alone could cost millennials more than $4,500 per year in real per-capita incomes compared to similarly aged Gen-Xers,” the report says. Researchers say it is likely that a tough econo...
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