Weight & Wealth: Is Your Waistline Impacting Your Bottom Line?

Weight & Wealth: Is Your Waistline Impacting Your Bottom Line?

Like many Americans, you might be working out at the gym to get thinner.

But there’s a good chance that one part of you will wind up fatter as a result—your wallet.

That’s right. A new survey adds to a growing body of research suggesting that those who are physically healthy are also financially healthy.

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According to the survey, conducted by TD Bank, just 36% of people overall said they’re satisfied with their current financial health. But among respondents who are pleased with their physical health, that number shoots up to 65%.

What’s the fitness-financial connection? One possibility is that health goals and financial goals require the same kind of determination and discipline.

Another potential explanation is that financial security frees up time and energy for working on other, health-related goals: The survey found that 66% of people who are satisfied with their financial well-being have made progress on their 2015 health goals, compared to 55% of all respondents.

Interestingly, the research found certain demographics are more likely to believe in the relationship between physical and financial fitness. As many as 51% of Millennials feel they need to organize their finances before they can work on their health, compared to just 36% of Gen X-ers and 21% of Baby Boomers.

Gender differences emerged as well: 42% of men said they need to feel financially secure before they can focus on health and fitness, while just 29% of women said the same.

Curious about the specific strategies you can employ to hit your financial and health objectives? Learn more about the link between physical and fiscal fitness here.

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