by Stock market declines are linked to early death, illness, and fatal accidents. Are you at risk? This is what bothers me about the Lockdown, could it kill more people than Covid-19 in the long run?Losing money in the stock market can cost you your life, and I'm not just talking about the old cliché of people jumping out of skyscraper windows when markets crash. In fact, people with as little as 10 percent of their wealth in the stock market who experience a 10 percent loss stand an increased risk of dying early or suffering health problems such as high blood pressure and depression. That’s according to a study published in the American Economic Journal, which looked at booms and busts in the U.S. stock market between 1998 and 2011. In the study, Hannes Schwandt, assistant economics
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Stock market declines are linked to early death, illness, and fatal accidents. Are you at risk?
This is what bothers me about the Lockdown, could it kill more people than Covid-19 in the long run?
Losing money in the stock market can cost you your life, and I'm not just talking about the old cliché of people jumping out of skyscraper windows when markets crash.
In fact, people with as little as 10 percent of their wealth in the stock market who experience a 10 percent loss stand an increased risk of dying early or suffering health problems such as high blood pressure and depression.
That’s according to a study published in the American Economic Journal, which looked at booms and busts in the U.S. stock market between 1998 and 2011. In the study, Hannes Schwandt, assistant economics professor at the University of Zurich Department of Economics, determined that what he called “wealth shocks” strongly affect health outcomes.
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Pamela Yellon - Death by Investing: How a 10 Percent Loss Raises Mortality Levels