Improves well-being
Decreases depression, reduces risk of suicide in some populations
Mental health benefits
Improves social life in retirement by increasing likelihood of participation in community activities, sports & hobbies
Promotes healthier lifestyles in retirement (e.g., healthy diet, exercise)
Social health
benefits
Having a pension
Physical health benefits
Improves self-reported physical health
Increases life expectancy
Reduces risk of chronic inflammation by reducing financial stress
Improves self-reported mental health and happiness