Actions

A sudden loss of wealth increases your chances of death

Posted: 1:23 AM, Apr 04, 2018
Updated: 2018-04-04 05:23:18Z

When people lose 75% or more of their wealth, they are 50% more likely to die early than people whose wealth remains steady, according to JAMA.

Researchers examined how losing financial stability impacts a person’s health over time.

They looked at how experiencing a “negative wealth shock”—defined as losing 75% or more of their total asset value, including things like a pension, home or business, over two years—affected a person’s mortality.

Over a 20-year follow-up period, 25% of people experienced a negative wealth shock; those men and women were at a much higher risk for death from all causes.

The study did not look at how the loss of wealth directly impacted people’s health. 

Take WKBW Everywhere, on all your devices.  Download below!

Phone or Tablet: Apple, Android
Set-top Device: Roku , Apple TV , Amazon Fire TV
Amazon Alexa

Personalize your news, get the latest 7 First Alert Forecast, and watch 7 Eyewitness News video wherever, whenever.

Learn more here about what 7 Eyewitness News provides on all these devices.