Negative financial shock increases loneliness in older adults, 2006–2016: Reduced effect during the Great Recession (2008–2010)

Highlights
• In older adults, a large loss of income leads to greater loneliness net of covariates.

• Loneliness decreased in those who experienced income shock during the Great Recession.

• Changes in health and social experiences did not explain the income shock effect.

• Reducing financial difficulties may reduce loneliness in older adults.