People, whose partners had been in paid work, reported the largest income falls, mainly affecting those under pension age. Women with or without children were more at risk of financial decline than men and two in five women pensioners were in poverty immediately after bereavement.
While some of these experiences of poverty were short-lived, bereaved women were more likely to experience poverty lasting up to three years after the death. The number of women feeling financially worse off doubled from 24 per cent to 48 per cent. Comparable figures for men were 19 and 30 per cent respectively.
Based on its exploration of a wide range of economic, administrative, emotional, and psychological issues following the death of a partner, the study highlights the need for:
Better awareness of financial issuesFindings highlighted the financial consequences of the failure to make a will and the mistaken belief that 'common law marriage' provides legal rights.
The need to make financial preparations and decisions as a couple during earlier stages of their life together.
Easing adjustment to lossGrief has economic elements which impact on the grieving process and adjustment to loss. Managing money, and taking on new economic roles was hard for some bereaved people.
Government, employers and unions have opportunities to provide information at various key points during a person's life.
Reducing administrative and regulatory burdensResearchers found that the administrative requirements related to financial transitions caused a considerable practical and emotional burden.
Researchers highlight the need of processes to help people find information they need quicker, staff with skills for dealing with people in grief, and data sharing to reduce documentation required, would increase business efficiency as well as trust and compliance among service users.
Counselling support for 'economic components' of griefSupporting bereaved people who want to share feelings about their financial situation and new economic roles may ease adjustment to their loss.
Findings suggest that while it is not the role of bereavement counselling services to provide expertise in all the administrative and financial aspects of bereavement, they would benefit from greater awareness of the emotional impact of changed financial circumstances on the bereaved person.
Financial support for the bereavedImmediate financial demands facing bereaved people included paying for the funeral and housing costs including changes in home ownership and tenancy.
Researchers suggest that when policymakers review financial support for bereaved people, there should be thorough examination of entitlement, take-up and impact of bereavement benefits and social fund funeral expenses payments, and people's perceptions of these payments.
Researchers conclude that some financial difficulties following death of a partner can be prevented; others can be avoided. Policymaking must address the immediate circumstances of people experiencing bereavement. In the long term, enabling people to sustain paid employment throughout their working lives, occupational and private pensions, will help ensure an acceptable standard of living in retirement and protect people whose partner has died from financial hardship and economic decline.
Press Office | EurekAlert!
Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Salmonellae are dangerous pathogens that enter the body via contaminated food and can cause severe infections. But these bacteria are also known to target...
University of Maryland researchers contribute to historic detection of gravitational waves and light created by event
On August 17, 2017, at 12:41:04 UTC, scientists made the first direct observation of a merger between two neutron stars--the dense, collapsed cores that remain...
Seven new papers describe the first-ever detection of light from a gravitational wave source. The event, caused by two neutron stars colliding and merging together, was dubbed GW170817 because it sent ripples through space-time that reached Earth on 2017 August 17. Around the world, hundreds of excited astronomers mobilized quickly and were able to observe the event using numerous telescopes, providing a wealth of new data.
Previous detections of gravitational waves have all involved the merger of two black holes, a feat that won the 2017 Nobel Prize in Physics earlier this month....
Material defects in end products can quickly result in failures in many areas of industry, and have a massive impact on the safe use of their products. This is why, in the field of quality assurance, intelligent, nondestructive sensor systems play a key role. They allow testing components and parts in a rapid and cost-efficient manner without destroying the actual product or changing its surface. Experts from the Fraunhofer IZFP in Saarbrücken will be presenting two exhibits at the Blechexpo in Stuttgart from 7–10 November 2017 that allow fast, reliable, and automated characterization of materials and detection of defects (Hall 5, Booth 5306).
When quality testing uses time-consuming destructive test methods, it can result in enormous costs due to damaging or destroying the products. And given that...
Using a new cooling technique MPQ scientists succeed at observing collisions in a dense beam of cold and slow dipolar molecules.
How do chemical reactions proceed at extremely low temperatures? The answer requires the investigation of molecular samples that are cold, dense, and slow at...
23.10.2017 | Event News
17.10.2017 | Event News
10.10.2017 | Event News
24.10.2017 | Physics and Astronomy
24.10.2017 | Physics and Astronomy
24.10.2017 | Life Sciences