The Best Way to Get to The Emergency Room-Depression and Your Bank Account

Vicki Bogan, PhD, is Associate Professor at the Charles H. Dyson School of Applied Economics and Management at Cornell University, founder and director of the Institute for Behavioral and Household Finance. Mental health problems can have a large negative effect on retirement savings, according to Dr. Bogan’s research. She discussed her study, which found that people with anxiety and depression are nearly 25 percent less likely to have a retirement savings account, and their savings are dramatically smaller than those without psychological distress.