Hearing Loss and Your Income

  • August 22, 2019
Hearing Loss and Your Income

Believe it or not, hearing impairment can result in the loss
of both income and job. Fortunately, the use of hearing aids can reduce the
impact of hearing loss, according to a 2010 study from The Hearing Journal.

There are many reasons as to why hearing loss can lead to an
individual losing their job. Without hearing aids, those who experience impairment
have difficulty listening to instructions, knowing when they are being
addressed, and are even at risk of danger due to not hearing emergency
procedures or warnings.

Individuals not using hearing aids could lead to a lower
income as well as a higher prevalence of unemployment. Unemployment, however, is
not higher among hearing aid users than among those with average hearing. The
income of those who wear hearing aids is almost as high for those without
hearing loss. The study conducted also estimated that the decrease in income
for people with untreated hearing loss in the United States is $176 billion.

The MarkeTrak VIII study that consisted of more than 40,000
households demonstrated that hearing loss has a deleterious impact on unemployment
rates and earnings.

It revealed that there is a $14,100 income difference
between subjects who experience mild and severe hearing loss. Those with
untreated hearing are at risk to lose as much as $30,000 annually, depending on
the degree of their impairment.

Hearing aids were shown to mitigate the impact of income
loss by 90-100% for those with milder hearing losses and from 65-77% for those
with severe to moderate hearing loss.

The reason there is loss in income for people with untreated
hearing loss is due to underemployment is estimated at $176 billion, and the
cost to society is estimated to be as high as $26 billion in federal taxes.

If you think you are experiencing hearing loss, visit our website
to find a clinic near you. One of our hearing healthcare professionals can help
find the best solution for you. Check back to our blog soon for more
information towards healthy hearing, and how hearing aids can safeguard every
aspect of your life.