Part 1/8:
Understanding the Financial Impact of Wealth Shocks
In recent years, the financial landscape for older Americans has shown some alarming trends, most notably a sharp increase in bankruptcy filings among individuals aged 65 and older. This was highlighted in a previous discussion referencing a study that indicated a two-fold increase in such filings from 2013 to 2016. In light of these findings, a new study, which looked at the severe consequences of financial downturns, has come to light, revealing an even deeper correlation between wealth shocks and mortality among middle-aged and older adults.