Study Finds Financial Benefits for Adults Who Play Sports

Over the course of his more than 30-year career in the transportation industry, Craig Raucher has held executive roles with leading transportation companies, such as Total Freight Solutions and Corporate Express Delivery Systems. Craig Raucher also contributes to his community as the volunteer commissioner for the Brooklyn/Staten Island Athletic Basketball League, a well-established group that includes players between the ages of 25 and 65.

On the subject of adult sports, the Wall Street Journal published an article reviewing a study on the financial benefits of playing sports once a month or more. Issued by the Centre for Economic Policy Research, the study found that playing sports on a monthly basis can positively impact working adults’ earning potential, with the study’s sports-playing adults realizing higher incomes than their peers who participated in sports less than once a month. The study found a 5 percent to 10 percent rate of return from engaging in adult sports, about equal to the wage benefits associated with an additional year of education.

To generate these findings, study author Michael Lechner of the University of St. Gallen, Switzerland, analyzed survey data on nearly 7,000 adults, collected between 1984 and 2006. Lechner concluded that health and other variables influenced the impact of sports activity, but noted that there were a number of unexplained elements as well. The article points to social networking as a potentially significant component, as the adults in the study who regularly played sports also reported greater “social functioning.”

Source: http://craigraucher.weebly.com/blog/study-finds-financial-benefits-for-adults-who-play-sports

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