Poorer Health Among Millennials
Millennials or Gen Y-ers ages 25 to 39 born between 1980 and 1994 are seeing their health decline faster than previous generations as they age. The report by Moody’s Analytics revealed the serious impact millennials' health could have on the U.S. economy. the report "Rise in Poor Millennial Health Expected to have Severe Long-Term Economic Consequences" Compared to when Generation X was the same age. Millennials are projected to experience slower economic growth and pay more in health care costs over the next decade, which could have a crippling effect on the economy. Millennials are more likely to experience major depression, hyperactivity and type II diabetes, among other behavioral and physical conditions.
Health care treatment costs could rise as much as 33 percent.
Mortality rates could rise as much as 40 percent.
Millennials’ annual income may, on average, be reduced by as much as $4,500 per person, as poor health will likely lead to job loss or reduced working hours.
“Millennials are the largest, most educated, and most connected generation ever,” said Mark Zandi, chief economist for Moody’s Analytics. “BUT THEY ALSO HAVE SERIOUS HEALTH ISSUES that if not addressed will have serious long-term consequences for their well-being and the performance of the U.S. economy.”
Lifestyle choices and habits have a big impact on overall health and well-being. As parents we want to teach our children well even though they often think mom or dad are out of touch and don't have a clue. Setting healthy examples in making healthy lifestyle choices at any age such as nutrition, exercise and daily physical activity can prevent or improve depression, hypertension, diabetes and other physical conditions.