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Financial crises shorten your life


In our line of work, and especially here at BlueSky PR, we have the pleasure of working with some great minds from the higher and business education arenas. All of these people strive to make the world a better place and they employ different methods in achieving this aim. Whether they engage in research, projects or just teaching, talking to them is always revealing.


In the past couple of weeks I have been working on a piece of research from Rotterdam School of Management, Erasmus University (RSM). The study looks at the impact of financial crises – not necessarily on society as a whole but on the individual. Professor Mathijs A. van Dijk discovered that life expectancy decreases by an average of nine months in the five years following a financial crisis.


We know little about the broader impact of financial crises on society as a whole. Media reports suggest potentially severe effects on health, education, and poverty. Some countries reported higher rates of suicide, falling birth-rates, increased HIV prevalence and more people going into poverty. In the U.K., an additional four percent of 18-25 year olds went into poverty in the aftermath of the crisis.


I invite you to take two minutes of your time to listen to Prof. Van Dijk’s arguments in supporting this idea. His research has been translated into an accessible language, stripped of the jargon, and added to RSM’s Discovery platform – where you will find a lot of other great research too.




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