Hearing loss is the 3rd most common health condition in older adults. It is estimated that 20% of Americans, that 48 million people, have a hearing loss. Of these, approximately only 35% are 65 years of age or older. Despite how common it is, many adults will wait up to 10 years before seeking treatment.
Hearing loss impacts many facets of life, particularly when left untreated. Studies are increasingly showing a link between untreated hearing loss and an individual's earning potential.
How Can Hearing Loss Impact Your Earning Potential?
The Better Hearing Institute (BHI) set out to investigate how hearing loss can impact earning potential. In their study entitled ‘The Impact of Untreated Hearing Loss on Household Income,’ the BHI analyzed how untreated hearing loss impacted the earning potential of a working adult. The objective was to “quantify the relationship between treated and untreated hearing loss and income.”
Data from over 40,000 households were analyzed by the BHI study. Respondents included “heads of households” with a hearing loss who wore hearing aids, those with untreated hearing loss, and those without a hearing loss.
The resulting data was telling. It outlined that untreated hearing loss has a significant impact on earning potential. Specifically:
The Challenges Of Untreated Hearing Loss
The Americans with Disabilities Act protects the right of an individual with hearing loss against discrimination in the workplace. Despite this, untreated hearing loss can still present challenges. These could include:
Can Treating Hearing Loss Help?
In their study, the BHI found that using hearing aids helped reduce the risk of lost income by up to 90-100% for adults with mild hearing loss. For those with moderate-severe hearing loss, treatment reduced the risk of lost income by 65-77%.
Hearing loss doesn’t have to affect your earning potential.
You can reduce the impact that a hearing loss has on your earning potential with treatment. If you are concerned that hearing loss is negatively affecting your earning potential, book in a hearing assessment with the team at Hearing Balance & Speech Center. Book a consultation with us today.