• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem

1

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
LifestyleRecession

New report reveals the surprising benefit to economic recessions: They help you live longer

Sunny Nagpaul
By
Sunny Nagpaul
Sunny Nagpaul
Down Arrow Button Icon
Sunny Nagpaul
By
Sunny Nagpaul
Sunny Nagpaul
Down Arrow Button Icon
March 19, 2024, 3:49 PM ET
Happy old man drinking a beer
A report from the National Bureau of Economic Research found recessions help people live longer lives — and “three-quarters of the mortality reduction comes from a reduction in elderly deaths.”Ute Grabowsky—Getty Images
Add Fortune on Google for similar content.

People face a mounting pile of problems in periods of economic downturn: Unemployment rates soar, home values drop, and people have less money to spend and delay important financial decisions like buying a house, getting married, or having kids. But research also shows that recessions come with a silver lining: more life. 

Recommended Video

A report from the National Bureau of Economic Research, led by health economist Amy Finkelstein, found mortality rates among Americans dropped 0.5% for every 1% jump in an area’s unemployment rate during the Great Recession. It also found the more unemployment in an area, the longer people lived—especially people older than 64 and those without a college degree. 

And, as it turns out, the unlikely beneficiary of a recession is the environment: specifically, cleaner air. 

“These mortality reductions appear immediately,” the report said, “and they persist for at least 10 years.” 

Put into perspective, the economists found the Great Recession “provided one in 25 55-year-olds with an extra year of life.” 

Additionally, the economists found “three-quarters of the mortality reduction comes from a reduction in elderly deaths, a group whom we estimate did not experience any direct income effects” from the Great Recession. That means most of the people who lived longer due to the recession were not directly financially impacted by it. 

Recessions don’t suddenly make everything better, mind you. Using surveys that measure behavioral risk factors and personal consumption expenditure, the economists also found laid-off workers weren’t using their extra time to exercise more and were still spending on vices like smokes and liquor, all things that could negatively impact one’s health and are leading causes of heart disease—which kills about one in five Americans. 

Other things that usually kill people persisted as well. Crime rates dropped, yes, but infectious diseases persisted. And in nursing homes, which can more easily hire adequate staff due to high unemployment in a recession, elderly patients received largely the same levels and quality of care. 

The biggest explanation for longer life, they found, is cleaner air. According to the report, “recession-induced declines in air pollution”—made possible by fewer commutes to work and slowed operations in factories and offices, measured through fine particulate matter called PM2.5—“can explain over one-third of the recession-induced mortality declines.”

One study found greenhouse gas emissions, like nitrous oxides, decreased by around 21% between 2005 and 2011, “with the majority of the reduction seen over urban areas and along major highways.”  

In the report, economists found the causes of death that decreased during the recession, like heart disease, suicide, and car crashes, “are also consistent with a pollution channel.” Changes in air pollution revealed an immediate impact on mortality, much in line with existing research, and mortality declines were concentrated in populations “with a high school degree or less,” who are also “disproportionately exposed to greater levels or air pollution.” 

Pollution, which can cause death after particulates are absorbed into the bloodstream and impair how the heart functions, can also increase fatal car crashes because people are more agitated and experience slower real-time cognitive function. The “findings suggest important trade-offs between economic activity and mortality,” the researchers conclude. 

Is a better economy worth a shorter life? 

Bolstering the economy, which also worsens pollution that kills people, is an increasingly questionable arrangement. A strong economy is often a measure of a country’s financial health—but it excludes several other measures of health, like quality of schools, neighborhood safety, sustainability, and access to healthcare. 

It’s one of the main ideas behind “degrowth,” an economic theory that began in the 1970s, which advocates for scaling back global consumption of resources. One study found wealthy economies that can afford to scale down on production could still create prosperity if they “abandon economic growth as an objective,” while also freeing up “energy and materials for low and middle income countries” that might still need to grow for development.

According to the study, degrowth can be “a purposeful strategy to stabilize economies and achieve social and ecological goals,” unlike recessions, which are “chaotic and socially destabilizing and occur when growth-dependent economies fail to grow.” 

The degrowth model also challenges the structure of the global economy, which is tethered by “the idea that firms, industries and nations must increase production every year, regardless of whether it is needed.” The dynamic drives “climate change and ecological breakdown,” and “high-income economies, and the corporations and wealthy classes that dominate them, are mainly responsible for this problem.”

Several countries today struggle to grow their economies due to the recent barrage of global fallouts, like the pandemic and wars in Ukraine and Gaza. Governments, who seek to stimulate economic growth, are also caught in conflicting objectives meant to improve human health and protect the environment from further damage. 

About the Author
Sunny Nagpaul
By Sunny Nagpaul
LinkedIn icon
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Lifestyle

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Lifestyle

cinerama
Arts & EntertainmentHollywood
Hollywood’s iconic Cinerama Dome to reopen under deal with Sony, Alamo Drafthouse
By The Associated PressJuly 22, 2026
3 hours ago
An Ebola healthcare worker is assisted putting on protective equipment in a treatment center.
HealthEbola
Nearly 1,000 people dead from Ebola outbreak in Congo amid health worker strike
By The Associated Press, Prosper Heri Ngorora and Constant Same BagalwaJuly 22, 2026
5 hours ago
clark
North AmericaMedia
Ryan Clark found out he was fired live, mid-broadcast, on NFL Live as ESPN undergoes first major layoffs in 3 years
By Joe Reedy and The Associated PressJuly 22, 2026
8 hours ago
ls
Commentarybooks
Confessions of an award-winning AI memoirist — the ‘slop’ debate isn’t really about good writing, and you know it
By Luke StoffelJuly 22, 2026
10 hours ago
Panera founder and Cava chairman Ron Shaich bets $100 million on Level99, bringing his restaurant industry playbook to entertainment
C-SuiteFood and drink
Panera founder and Cava chairman Ron Shaich bets $100 million on Level99, bringing his restaurant industry playbook to entertainment
By Catherina GioinoJuly 22, 2026
15 hours ago
The American Heart Association has a new number for daily coffee—and a warning if you go over it
Successlifestyle
The American Heart Association has a new number for daily coffee—and a warning if you go over it
By Orianna Rosa RoyleJuly 22, 2026
15 hours ago

Most Popular

OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
Cybersecurity
OpenAI says its AI models secretly broke out of a secure test environment and hacked into AI company Hugging Face in order to cheat on an evaluation
By Jeremy Kahn and Emily ForliniJuly 21, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
2 days ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
1 day ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
1 day ago
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
Success
‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion
By Sydney LakeJuly 20, 2026
2 days ago
'The audience is telling the industry something': even IMAX is stunned by Christopher Nolan's runaway 'Odyssey'
Arts & Entertainment
'The audience is telling the industry something': even IMAX is stunned by Christopher Nolan's runaway 'Odyssey'
By Tatiana SatauaJuly 21, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.