We use individual-level panel data from the English Longitudinal Survey of Ageing over the period 2004–2013 to investigate the links between financial health and obesity. We find that having no debt (high savings) is associated with a 3.6 (1.6) percentage point lower probability of having a Body Mass Index in excess of 30. Our results are robust to using different estimation methods, to measuring financial health with a subjective indicator, and adiposity with waist circumference. A lower rate of time preference and lower stress levels may be mechanisms which help to explain the association between good financial health and obesity.
- Financial health
ASJC Scopus subject areas
- Health(social science)
- History and Philosophy of Science