According to a study which the journal JAMA recently published, each time people happen to lose 75% or more of their money, they are 50% for likely to die earlier than people who did not lose their wealth. The idea behind this study was to find out how financial stability or its loss affects someone’s health in time. Lindsay Pool, the leader of the study, and her colleagues analyzed over 8,700 people with ages between 51 and 61. The team wanted to see how an unexpected “negative wealth shock” would affect their mortality rate. This included losing their house, business and more.
In a 20-year follow up period, 25% of the people in the study went through this “negative wealth shock”. It seems that these people, no matter if men or women, had a much higher risk of dying early than those who did not lose their wealth. Pool says that millions of people go through this, so it’s not something rare that only happens sometimes or to some people. The team also looked at another group made up of low-income adults. Their risk of death over 20 years was of 67%.
Losing some of your wealth can lead you to your death
The researchers knew that poverty can affect someone’s health and chances of survival, but this percent was shocking even for them. Moreover, it seems that losing your wealth has the same impact on someone’s mortality as having no wealth at all. However, it’s worth noting that this study did not analyze how the loss of wealth impacted people’s health.
However, Pools thinks that it might all be because of the stress. Chronic stress is known to affect people’s health, especially if it stretches over a longer period of time. So, health and financial instability are closely related, according to this new study.
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