Hearing loss is the 3rd most common health condition facing older adults in the US. However only 20% of those individuals who would benefit from treatment actually seek professional help. Shockingly, it can take a person up to 10 years to get treatment. In the meantime, hearing loss can impact many areas of a person’s life. Today, we look at how hearing loss can impact your earning potential.
The Connection Between Hearing Loss and Earning Potential
To seek answers to this popular query, the Better Hearing Institute conducted a study called ‘The Impact of Untreated Hearing Loss on Household Income’. Their specific purpose was to “quantify the relationship between treated and untreated hearing loss and income.”
It was a large study looking at data from 40,000+ households. “Heads of households” included a mixture of respondents labeled as either: having a hearing loss and using hearing aids, having an untreated hearing loss, or being without a hearing loss.
A clear conclusion was derived from the results; hearing loss has a significant impact on earning potential. Here’s how:
- The estimated cost in lost earnings due to untreated hearing loss is $122 billion”
- “Hearing loss was shown to negatively impact household income on-average up to $12,000 per year depending on the degree of hearing loss
- The use of hearing instruments was shown to mitigate the [income] effects of hearing loss by 50%
Untreated Hearing Loss In The Workplace
The Americans with Disabilities Act protects you from any workplace discrimination due to a hearing loss. But here we will explain how – left untreated, your hearing loss is making your work life more challenging and as such threatening your income.
- Less Confident – You may be worried about simple miscommunications due to guessing what has been said, having to ask others to repeat themselves (especially if it’s more than once) or managing feelings of being overwhelmed when several people are speaking at once. This causes stress and fatigue.
- Depression and Anxiety – It’s common for those with low confidence to feel socially isolated. Over time, this may also contribute to depression and anxiety.
- Difficulty Communicating – Many jobs require good communication skills in order to succeed. You may be hindering your performance if your hearing loss prevents you from communicating effectively.
It’s not all doom and gloom though. The BHI study found that with the intervention of hearing aids, the risk of lost income reduced by 90-100% in those with a mild hearing loss. This rose to 65-77% in those with moderate to severe hearing loss.
Protecting your hearing can also protect your earning potential. Can you afford to not get your hearing checked? Call the Audionics hearing care professionals on 212-755-5100 to book in a complimentary hearing assessment today.