When the Nest Egg Cracks

Research Report

When the Nest Egg Cracks

Financial Consequences of Health Problems, Marital Status Changes, and Job Layoffs at Older Ages


The risks of falling into poor health, losing the ability to work or live independently, and becoming widowed increase with age and threaten financial security. Over a 10-year period, more than three-quarters of adults age 51 to 61 at the beginning of the period experience job layoffs, widowhood, divorce, new health problems, or the onset of frailty among parents or in-laws. More than two-thirds of adults age 70 and older experience at least one negative shock over a nine-year period. Financial consequences are especially serious for older adults who develop work disabilities or long-term care needs, or who become unemployed.

Cross-Center Initiative

Cross-Center Initiative: 
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