Are you getting enough sleep? If not, you might be costing your employer significant productivity, which the Rand Europe think tank has now translated into aggregate dollars across the global economy.
The researchers say that the U.S. and Japan are by far the economies losing the most through sleep deprivation. Some 1.2 million working days are lost in the U.S. each year, with costs amounting to an astonishing 2.28% of America’s GDP ($411 billion); see chart. Japan is number two on the narcolepsy scale, losing an estimated 600,000 working days and $138 billion worth of lost productivity. Germany, the U.K. and Canada are, by comparison, getting more and better sleep.
About the Author: Bob Veres has been a commentator, author and consultant in the financial services industry for more than 20 years. Over his 20-year career in the financial services world, Mr. Veres has worked as editor of Financial Planning magazine; as a contributing editor to the Journal of Financial Planning; as a columnist and editor-at-large of Dow Jones Investment Advisor magazine; and as editor of Morningstar’s advisor web site: MorningstarAdvisor.com.
Mr. Veres has been named one of the most influential people in the financial planning profession by Investment Advisor magazine and Financial Planning magazine, was granted the NAPFA Special Achievement Award by the National Association of Personal Financial Advisors, and most recently the Heart of Financial Planning Distinguished Service Award from the Denver-based Financial Planning Association.