By

Steve Vernon /

MoneyWatch/ January 20, 2012, 9:36 AM

How to live as long as the rich

A recent study released in the U.K. revealed that the gap in life expectancy between the rich and poor is widening. At age 65, men in the highest socio-economic group are living, on average, 3.5 years longer than those in the lowest socio-economic group. Twenty years ago, this difference in life expectancy was just 2.3 years.

Similar gaps in life expectancy have been reported in the United States, Canada, and Finland. Is this another instance where life is unfairly stacked in favor of the privileged?

Maybe not, but the reasons are instructive. The U.K. study attributed the differences in life expectancy to factors completely within an individual's control, factors that aren't related to wealth: smoking, obesity and alcohol consumption. Another study that was published in the British Medical Journal study concurred, noting that when differences in smoking are considered, there's no difference in life expectancy between the rich and poor.

Want to live like the rich? Then stop smoking, control your weight through diet and exercise, and limit your consumption of alcohol. Easier said than done, I know, but that's the reality. And I'm sure you've heard these recommendations before -- the latest insight is that here's an area where you have the power to put yourself on the same playing field as the rich.

There's another benefit to making these changes: You'll save lots of money by following these guidelines. Then invest the savings, and you'll be richer as well!

© 2012 CBS Interactive Inc.. All Rights Reserved.
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    For more than 35 years, consulting actuary Steve Vernon helped large employers design and manage their retirement programs. Now he's a Research Scholar for the Stanford Center on Longevity, where he helps collect, direct, and disseminate research that will improve the financial security of seniors. He also delivers retirement planning workshops and has authored Money for Life: Turn Your IRA and 401(k) Into a Lifetime Retirement Paycheck and Recession-Proof Your Retirement Years.

6 Comments Add a Comment
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skeezix06 says:
This is a serious question. Given the fact that they're shredding the final remaining strands of the safety net and that a lot of people simply aren't going to be able to save enough money to fund a retirement and that Wall Street is little more than a casino without the glitz, given the fact that its going to soon be as difficult to find a physician willing to see a medicare patient as it currently is to find a physician willing to see a medicaid patient, after watching my mother struggle to figure out which plan to choose for medicare D only to have to struggle with it again the next 1 or 2 years when she's lost a little more mental agility, that the possibility of losing the roof over one's head in old age rises with every cut they make. Why would we want to live as long as the rich?
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j_mcdonald-2009 says:
This seems to be a case of correlation from a common cause.

The same behaviors that shorten lifespan (smoking, excessive drinking, etc.) are also factors that are going to cause major financial damage.
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julianpenrod says:
The fact is that the rich and influential realize death is not an inevitability. As craven and avariciously self-seeking as the powerful and wealthy have demonstrated themselves to be, would any of them be able to be as confident and smirking as they are shown in their photographs if they knew death was coming? They understand that, if you work towards God's plan, if He wants you around for how you work His plan, He won't take you away from the world. And even those who act malignantly can move God's plan forward, byu providing an open and demonstrable incident of foul and vicious behavior. It's the fault of the soddenly witless and suicidally gullible for not recognizing this since it's so glaringly obvious! Gaining the ability to at least influence the thinking of huge numbers of people can be important in this, as long as you act toward God's plan. Unfortunately, many allow themselves to be talked into disbelieving their own senses when they see JFK, Marilyn Monroe, Elvis Presley, or Princess Diana walking around, which they are. Tere are reports of Andy Kaufman being seen near his apartment on Central Park West.
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djc200 replies:
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You completely lost me at "God" and "His plan". Sorry to burst your bubble, but that's a fallacy.
julianpenrod replies:
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Notice how djc200, as is so often, if not always, the case for God deniers, takes on a contemptuously professorial air, all the while accordingly freeing themselves from having to have a case.
Among other things, djc200 should acquaint themselves with the meaning of "fallacy". A fallacy relates to a statement, as whether true or false. God and God's plan are entities, the term "fallacy"
does not relate to them.
Too, and very significantly, what is djc200's proof that the presence of God and God having a plan are meaningless, not worthy of considering? djc200 is so brazenly willing to turn people from accepting the presnece of God and respecting His purpose, what is djc200's proof that that is a legitimate point of view? That's a very serious recommendation to make, where does djc200 prove that that is valid?
The New World Order wants people to abandon the ideas of decency, righteousness, that they don't need iron and explosive and the death of everyone around them to be safe! That they will be protected against all if they act honorably! That's why accepting death as an inevitability is denying the presence of God. But the New World Order is a criminal operation, built like all criminal operations on lies. And those who support or defend lies act the same way. So do not expect djc200 to address the points raised. If they choose to reply at all, it will be, as before, with unjustified dismissiveness, arrogance, contempt, viciousness, mockery, vulgarity.