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.