A recent study published in the Journal Of General Internal Medicine, shows that there may be a short-term correlation between losing weight and money. The study was conducted at Carnegie Mellon University led by Leslie John.
The small study was composed of 66 random obese people, mainly men. The participants in the study signed would deposit up to $3 a day to be matched by the people doing the research if they hit their weight-loss goals. If the participants did not achieve their goal, they would lose that money. Another group of participants were studied who did not receive the chance of monetary gain for losing weight. Over an eight-month period, the study showed that those who put their own money at risk lost an average of nine pounds during that time. The other group that did not to stand to gain or lose any money lost an average of one pound over that same period.
A follow up of the group that had money incentives showed that after nine months, the average weight was only one pound below their starting weight. This study provides some hope that possibly, initially, an incentive based weight loss program may work. The problem is then dealing with maintaining weight loss over a longer period of time.