Of course! The results of this study made perfect sense to me - that losing your wealth or savings in late middle-age is such a mental shock ("negative wealth shock") that it increases the risk of death for any reason ("all cause mortality") tremendously over the next 20 years. About 50% increased risk of death. For example, if you have to live off your savings after you get laid off or can't work due to illness, and perhaps even lose your house to foreclosure, is STRESSFUL beyond belief. Almost incomprehensible to anyone who has not personally gone through it.
On top of that, a person may then not be able to afford to go to the doctor, even if there is a problem, once they're financially stressed. And of course they may never financially recover because the "negative wealth shock" happened at an older age (the people were 51 to 61 at the start of the study).
Other research conducted at time of the Great Recession showed significant associations between negative wealth shocks and short-term health changes - including increased risk of depression, anxiety, suicide, impaired cardiovascular function, and substance abuse. And now we know that long-term there is an increased risk of death. From Science Daily:
A sudden loss of net worth in middle or older age is associated with a significantly higher risk of death, reports a new Northwestern Medicine and University of Michigan study. When people lose 75 percent or more of their total wealth during a two-year period, they are 50 percent more likely to die in the next 20 years, the study found. ...continue reading "Losing Your Wealth In Late Middle-Age and Increased Risk of Death"