Wealth loss after 50 can be deadly
ANN ARBOR — A sudden loss of wealth in middle or old age can be financially devastating—and fatal.
According to a University of Michigan study, adults in their 50s and older who suffer a catastrophic loss of wealth have a 50-percent higher risk of dying than those who do not have such loss. The effect can last for two decades, and whether participants are very wealthy or have only modest savings makes no difference. (more…)
