Sudden financial loss in middle, older age raises death risk, reveals study

When people lose 75% or more of their total wealth during a two-year period, they are 50% more likely to die in next 20 years

A sudden financial loss in middle or older age may significantly increase the risk of death, a study has found.

When people lose 75 per cent or more of their total wealth during a two-year period, they are 50 per cent more likely to die in the next 20 years, according to researchers.

“We found losing your life-savings has a profound effect on person’s long-term health,” said Lindsay Pool from Northwestern University in the US. “It is a very pervasive issue. It was not just a few individuals but more than 25 per cent of Americans had a wealth shock over the