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A Sudden Loss of Wealth Increases Your Chances of Death

A Sudden Loss of Wealth Increases Your Chances of Death
From TIME - April 3, 2018

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 new research.

In the study, published Tuesday in the journal JAMA, researchers examined how losing financial stability impacts a persons health over time. Lindsay Pool, a research assistant professor of preventive medicine at Northwestern University Feinberg School of Medicine, and her colleagues looked at more than 8,700 people, ages 51-61, who were participating in a national study. The researchers looked at how experiencing a negative wealth shockdefined as losing 75% or more of their total asset value, including things like a pension, home or business, over two yearsaffected a persons 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.

This is something millions of people go through, says Pool. Its not really a rare event.

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