The Cost of Losing Sleep
Everything has an impact in one way or another. Many of the studies that we come across detail the how a lack of sleep affects our health. However, how does losing sleep affect us economically? Apparently, the cost is high, at least in the United States. Find out exactly how much money we lose because of sleep deprivation and why.
The Economic Impact
When we lose sleep, we are not the same. Our health deteriorates, causing a domino effect which impacts other parts of our lives. Non-profit research organization RAND noticed the same thing and decided to look more thoroughly into the issue. What researchers found is significant. When the working population loses sleep, it costs the country up to $411 billion dollars a year. As you can imagine, this is not good news.
Losing Sleep Can Have Disastrous Consequences
There are several ways that sleep deprivation affects us. In their research, RAND discovered many ways losing sleep has cost the U.S. money. A lack of sleep can affect our performance in the workplace and in worse cases, cause terrible incidents. In fact, here are some of the recorded reasons why the country is losing so much money:
- Lower productivity levels in the workplace.
- Loss of working days due to sleep deprivation (1.2 million).
- High mortality risk among the working population (7 percent).
The CDC recommends 7 to 8 hours of sleep a night. The worst part is that this study reveals that the working population is affected the most. They are losing days of work and their lives are at risk since they cannot work at an optimal level.
There needs to be a change in how we work and how long. When our sleep habits are improved, we might end up seeing more positive results in our country. According to research lead Marco Hafner, we can do better. He states, “Improving individual sleep habits and duration has huge implications, with our research showing that simple changes can make a big difference. For example, if those who sleep under six hours a night increase their sleep to between six and seven hours a night, this could add $226.4 billion to the U.S. economy.”