Part 2/8:
The study titled “Association of Wealth Shock with All-Cause Mortality in Middle-Aged and Older Adults in the United States”, led by Dr. Lindsay Poole from Northwestern University's Department of Preventive Medicine, explored the experiences of nearly 9,000 middle-aged Americans over a span from 1994 to 2014. The researchers aimed to determine the extent of negative wealth shocks (defined as a loss of 75% or more of net worth) and the associated mortality rates over the subsequent 20 years.
Results from the study revealed staggering statistics:
9% of the participants ended up with a negative net worth.
28% experienced substantial negative wealth shocks during any two-year period in the study.