Social Security as a Suicide Prevention Tool

Mar 28, 2017 / Michael Natalie, Horsesmouth Associate Editor

A new study by economist Jeffrey DeSimone reveals a “significant, sudden drop in suicide rates upon turning 62 years old” particularly among men. DeSimone attributes this decline to the onset of Social Security eligibility.

His reasoning: Though Americans retire at various ages, all Americans are extended a powerful economic lifeline at age 62. Studies indicate most Americans are still electing Social Security benefits at 62, even if they’re retiring later.

This should not be construed as an endorsement of early Social Security claiming, which not only reduces the worker’s monthly benefit amount, but also has disastrous implications for his widow’s benefits. Nonetheless, DeSimone’s study serves as a stark reminder of the positive impact of social insurance on the nation’s health.

 

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