In our latest MarkeTrak VIII publication “The efficacy of hearing aids in achieving compensation equity in the workplace” (Hearing Journal, October 2010) we have demonstrated conclusively in a study of 40,000 households that:
- People with untreated hearing loss lose as much as $30,000 annually, depending on their degree of hearing loss.
- For those that use them, 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 loss in income for people with untreated hearing loss due to underemployment is estimated at $176 billion, and the cost to society is estimated to be as high as $26 billion in unrealized federal taxes.
- There was a strong relationship between degree of hearing loss and unemployment for unaided subjects. Those with severe hearing loss had unemployment rates (15.6%) double that of the normal-hearing population (7.8%) and nearly double that of their aided peers (8.3%). Thus, one would expect that the cost to society of unemployment benefit payments is double that for normal-hearing households, depending on degree of hearing loss.
Earlier this year we issued a Q & A article targeted to Human Resource executives. Hearing Health Professionals are invited to distribute this article to HR executives in their community as a means of introducing their services.
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