A new study finds that working longer may help you live longer.
Researchers found that depression and physical decline are much more likely for those retiring than for those who keep working.
While the study found that there is a small boost to your health right after retirement, a significant decline sets in soon thereafter.
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Research published by UK-based think tank Institute of Economic Affairs analyzed data from men and women aged 50-70 years old in 11 different European countries.
Study author Gabriel H. Sahlgren, director of research at the Centre for Market Reform of Education, and his team found that retired people were about 40 percent more likely to experience depression and about 60 percent more likely to have health problems compared to those who kept working.
Edward Datnow, chairman of the Age Endeavour Fellowship, an organization which contributed to the study, told the BBC that "there should be no 'normal' retirement age in future."
"More employers need to consider how they will capitalize on Britain's untapped grey potential and those seeking to retire should think very hard about whether it is their best option."
In a separate study, researchers at the Harvard School of Public Health looked at rates of heart attack and stroke among men and women in the U.S. Health and Retirement Study. Among nearly 5,500 participants in the study, those who had retired were 40 percent more likely to have had a heart attack or stroke than those who were still working.