Alan Krueger, a known and respected economic professor at the Princeton University was also known as the trusted advisor for U.S. Presidents Bill Clinton and Barack Obama. However, in a shocking incident he took his own life as mentioned by his family in a statement. This incident occurred during the weekend, and He passed away at the age of 58.

The statement issued by his family did not mention anything about the circumstances of Krueger’s death. The university where he was working also did not mention any reason but did confirm his death, earlier during the day.

Krueger worked in the last two Democratic administrations and held the prestigious position of chief economist for the department of Labor, during the time Clinton was in administration. He has also worked as chair of the White House Council of Economic Advisers during the administration of Obama period.

Alan Krueger taught economics at the Princeton University since the year of 1987. Recently, in the last week, Krueger had delivered a lecture at the Stanford University of California. During his lecture he mentioned about income distribution and regulations related to labor market and was titled as “why is basic universal income so controversial?”

The university representative mentioned that “Alan was recognized as a true leader in his field, known and admired for both his research and teaching,” in a declaration.

Krueger was a huge fan of music and often posted about Bruce Springsteen and other rock stars on Twitter. His lectures would often include David Bowie into his content. His passion for music was often visible in his latest research and upcoming book on the economic factors over the music industry. The book was to be released in the month of June.

Alan Krueger had received many prestigious awards. He was awarded the Kershaw Prize by the Association for Public Policy and Management in the year of 1997. This was due to his great assistances to public policy analysis by someone under the age of 40.

He is survived by his wife, Lisa, and two children.