Renters burdened by unaffordable housing costs may be at a higher risk of dying sooner, according to a new study published in the journal Social Science & Medicine.
An individual paying 50% of their income toward rent in 2000 was 9% more likely to die over the next 20 years compared with someone paying 30% of their income toward rent, according to the study from researchers at Princeton University and the U.S. Census Bureau’s Center for Economics Studies. Someone paying 70% of their income toward rent, meanwhile, was 12% more likely to die.
“We were surprised by the magnitude of the relationship between costs and mortality risk,” said Nick Graetz, a postdoctoral research associate at Princeton University and the study’s lead author. “It’s an especially big problem when we consider how many people are affected by rising rents. This isn’t a rare occurrence.”
Let’s give retirees $1000 a month in social security to live on while basic rent on a junky place is $2500 a month. Then let’s calculate that a 65 year old person may live to 85. 20 years. You got the funky result study above.
$1000 if you’re lucky. The minimum is around $50.