(CNN) – Philosophers aren’t sure and experts won’t say, but a new paper suggests that money can at least buy less stress and a longer life.
Higher-income Americans are twice as likely to report being in good health than their lower-income counterparts. That’s according to a paper released by the Brookings Institution’s economic policy initiative, the Hamilton Project.
They are also less likely to have high stress levels, at least as measured by an index of blood pressure and other biomarkers. Researchers examined data collected as part of the CDC’s national health and nutrition examination survey.
Information was gathered between 1976 and 1980 and between 2009 and 2014. It turned out that during both time periods, the likelihood of Americans reporting that they’re in very good or excellent health was directly linked to their income.
Americans at all income levels reported higher levels of stress than they did four decades ago, but the data showed that those with higher incomes had lower stress loads.
Researchers also found that fewer Americans said they were in good or excellent health.