Life Is Worth Losing is the 18th album (not counting audiobooks, compilations or the George Carlin on Comedy interview CD) by American comedian George Carlin. It was recorded simultaneously with the live broadcast of the HBO special of the same title, his thirteenth HBO stand-up comedy special. It is the first project Carlin has undertaken since completing drug rehabilitation in 2005.

Early on in the program, Carlin proudly announces that he was 341 days sober at the time of the recording, and that 2006 would be his 50th year in show business.

The album was initially slated to be titled I Like It When A Lot Of People Die, the same title he intended to use for the Complaints and Grievances album (2001) before the September 11, 2001 attacks. Not long after the show was scheduled to be aired and recorded, Hurricane Katrina took place, forcing Carlin to again consider and come up with a new album title. Given the fact that some of the material on the album deals with suicide, violence, autoerotic asphyxiation, natural disasters, and the human condition, the veteran comedian settled for a different, but equally appropriate title, which seems to derive from a parody of the classic Bishop Sheen TV program Life is Worth Living.

The album was nominated for Best Comedy Album for the 49th Annual Grammy Awards making it his seventh album to be nominated for a Grammy award since 1966. It lost to Lewis Black's The Carnegie Hall Performance.

During his 2007 comedy tour, he has been explaining early on during his performance how he has moved away from "coasting" on his material from this recording and made haste in creating new material because of the dark nature of the subject matter. He has said that after the material was sinking in he got to thinking and realized that it was "fucking depressing".

This album is infamous for his, " Owners of America " skit, where he spends a portion of his mic time explaining the way America works within a range of " wealthy business interests, that control everything and make all of the important decisions. "

A DVD of the show was released on February 27th, 2007, by MPI Home Video.