Thu Sep 19 09:02:05 UTC 2024: ## Economic Freedom Boosts Incomes and Lifespans: New Study

**Vancouver, BC – September 19, 2024** – A groundbreaking study released today by the Fraser Institute, a Canadian public policy think tank, reveals a strong correlation between economic freedom and improved quality of life. The research, titled “Economic Freedom: What Is It? How Is It Measured? And How Does It Affect Our Lives?”, demonstrates that higher levels of economic freedom lead to significantly higher incomes, longer lifespans, and overall greater well-being.

The study analyzed data from 165 jurisdictions worldwide, using the Economic Freedom of the World project’s index, which measures economic freedom across various factors. The research found that citizens in countries with the highest levels of economic freedom earn approximately seven times more than those in the least-free nations. Furthermore, they enjoy an average lifespan that is 16 years longer and report being 35% more satisfied with their lives. Additionally, these countries tend to have cleaner environments, less corruption, and higher levels of trust and tolerance among their citizens.

“This research clearly shows that higher levels of economic freedom are a positive force that policymakers everywhere should understand,” stated Matthew Mitchell, Senior Fellow at the Fraser Institute and author of the study. “Simply put, higher levels of economic freedom make life better, especially for society’s most vulnerable.”

The study emphasizes the importance of allowing individuals to make their own economic choices, rather than being heavily regulated by governments. It argues that policies aimed at fostering economic freedom can have a profound positive impact on individuals and society as a whole, leading to greater prosperity, health, and happiness.

**The Fraser Institute** is an independent Canadian public policy research and educational organization committed to promoting free markets and limited government. The organization conducts research and analysis on a wide range of issues, including economics, education, healthcare, and the environment.

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