Surprising job could be secret to longer life: new study
Key Points:
- A study from Stevens Institute of Technology found that American entrepreneurs have a 10% lower risk of premature death compared to those working for others, despite the high stress and long hours associated with entrepreneurship.
- Researchers analyzed over 20 years of data from more than 27,000 Americans aged 50 and older, controlling for factors like age, income, education, and wealth, and found entrepreneurship linked to lower depression and loneliness.
- The longevity benefit was strongest among opportunity-driven entrepreneurs who started businesses to innovate or fill market gaps, rather than those who became entrepreneurs out of financial necessity.
- The study suggests that autonomy, purpose, and ownership in work contribute to better mental health and longer life, indicating that workplaces fostering entrepreneurial qualities could enhance employee well-being.
- Researchers caution that the findings do not imply everyone should start a business, but rather highlight the value of creating work environments that offer freedom, decision-making power, and meaningful engagement.