
alexkich // Shutterstock
If the economy dips, healthy habits may actually rise. According to results of a new Hims study, 70% of Americans agree that an economic squeeze nudges them toward healthier habits that support lower spending. Think: outdoor exercise (fresh air is cheaper than a gym membership), fewer pricey cocktails, and a whole lot of home-cooked meals.
In addition to economic slumps inspiring people to look for ways to save money, 85% of respondents agree that these periods impact their health habits and routines — both for better and for worse.
Let’s start with what’s better. As mentioned, respondents are getting outside more, drinking less alcohol, and cooking more meals at home. They are also buying more nutrient-rich foods to get the most out of their money and being more intentional about what they eat.
However, while 70% of respondents associate economic slowdowns with positive personal health outcomes, 61% say that money being tight hurts their health. Specifically, they are eating less expensive foods, which tend to be less healthy; they don’t sleep as well and are stressed; and they’ve postponed or canceled doctor’s appointments.
Only 15% of Americans say the economy has had no impact on their health habits.
Economic Health
More Americans say there are more health benefits than drawbacks in a difficult economy. Here’s a look at what gets better, and what gets worse, according to the results.
Q: In what ways, if any, has the downturn in the economy impacted your health? Select all that apply.
Positive Impact on Health
- 25% I’ve cut down on eating out at restaurants
- 23% I’ve cut down on unessential foods, like dining out, alcohol, and treats
- 19% I’ve had to plan meals more carefully, which has made me consider what I eat more
- 18% I’ve focused more on buying nutrient-rich foods to get the most out of my money
- 17% I’ve exercised outside more—fresh air is cheaper than a gym membership
Negative Impact on Health
- 19% I’m eating less expensive foods, which tend to be less healthy
- 19% I’m stressed, can’t sleep, or both
- 16% My mental health has deteriorated
- 15% I’m cutting corners on good health habits to save money
- 12% I’ve had to cancel or postpone doctor’s appointments
- 11% I’ve had to quit a gym membership or fitness classes to save money
- 11% I’ve had to take a less comprehensive healthcare plan
Wellness Is (More) Recession-Proof
In an article published in the MIT Press Reader, Massachusetts Institute of Technology professor Mary Davis, Ph.D., outlines research that supports the idea that recessions spark healthier behaviors due to the sheer financial pressure. “The upside of a down economy is that you have less money to do bad things,” she writes.
People often cut alcohol, cigarettes, and excess food, just to name a few unhealthy habits. Financial constraints also incentivize people to walk more to avoid the cost of gasoline, and,