Health Problems in Millennials May Make Them Poorer
A new report from the Blue Cross Blue Shield Association found that more U.S. millennials are suffering from chronic health problems, potentially restraining their lifetime economic potential. The report indicates that a jump in the rates of depression, hypertension, high cholesterol, and other conditions among younger people could increase health care costs and lower incomes in the coming years.
“To address this brewing crisis, it’s going to take action not only from the perspective of the economy but also from the perspective of health care,” said Mark Zandi, chief economist for Moody’s Analytics, which prepared the report using Blue Cross Blue Shield data.
Although the new report didn’t provide a precise estimate for the effects of worsening millennial health on U.S. economic output, it predicted that the generation's lower levels of health could eventually cost the oldest millennials more than $4,500 in annual income.