Death and financial problems go hand in hand. According to death.io:
For those who’ve lived together for 25 years or more, it’s common to share not just memories and the odd argument, but bank accounts, mortgages and bills.
It’s common for one person to take the reigns in the finance department. Especially with those of us aged 50 and over, we’ve become comfortable with letting our other half deal with things if they’re the one most likely to make to-do lists, or relish the chance to be kept on hold when dealing with taxes. If this partner dies, along with their death comes anxiety over how to cope financially.
Links between financial and emotional experiences
When grieving a partner’s death, it’s been shown that financial worries can increase and prolong bereavement. According to a study by University of York, the quick escalation of financial hardship after a partner’s death, or the stress of realising you have to now manage finances alone, can impact on the grieving process.
Dr Boyce Watkins is a Finance PhD and founder of The Black Business School. He is also author of several books, including "Financial Lovemaking" and "What if George Bush were a Black Man?" among others.
Black Wealth is his obsession and he has spent 30 years teaching wealth-related concepts to students at Syracuse University, The Ohio State University, Indiana University and even in China, Europe and Africa as well.
You can learn more about The Black Business School by visiting http://TheBlackBusinessSchool.com. You can learn more about the Dr Boyce Watkins Black Stock Market Program by visiting http://TheBlackStockMarketProgram.com.
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