Perceived Financial Vulnerability, Wealth, and Wealth Change: The Health and Retirement Study.

IF 2.6 3区医学 Q3 GERIATRICS & GERONTOLOGY

Clinical Gerontologist Pub Date : 2024-08-20 DOI:10.1080/07317115.2024.2393761

Madison Maynard, Emily V Flores, Daniel Paulson, Peter A Lichtenberg, Boon Peng Ng

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引用次数: 0

Abstract

Objectives: The 6-item Perceived Financial Vulnerability (PFV) scale assesses awareness and psychological vulnerability regarding finances. Prior findings using the Health and Retirement Study (HRS) identified significant associations of PFV with wealth, demographics, and health status. This study examines the relationship between wealth, changes in wealth, and PFV.

Methods: Data from HRS respondents were analyzed (N = 1,056). Total assets at baseline (2016) and changes in total assets over two waves (2016 to 2018) were stratified into deciles and used as primary predictors of PFV in 2018. Multiple linear regression models examined the influence of demographics, wealth change (linearly and curvilinearly), and baseline wealth on PFV.

Results: Wealth change and baseline wealth were associated with PFV. When controlled for baseline wealth, wealth loss linearly predicted increased PFV.

Conclusions: These findings support the utility of the PFV. Findings underscore the importance of integrating multifaceted financial and demographic information when conceptualizing subjective financial welfare.

Clinical implications: Financial wellbeing is crucial in older clients and should be assessed over time. The 6-item PFV effectively evaluates contextual aspects of financial decision-making across socioeconomic statuses, making it valuable for clinical assessments.

查看原文本刊更多论文

感知的财务脆弱性、财富和财富变化：健康与退休研究》。

目的：由 6 个项目组成的 "感知财务脆弱性（PFV）量表 "可评估对财务的认识和心理脆弱性。之前利用健康与退休研究（HRS）得出的结果表明，PFV 与财富、人口统计学和健康状况有显著关联。本研究探讨了财富、财富变化和 PFV 之间的关系：分析了 HRS 受访者的数据（N = 1,056）。基线（2016 年）的总资产和两次波次（2016 年至 2018 年）的总资产变化被分为十分位数，并被用作 2018 年 PFV 的主要预测因素。多元线性回归模型检验了人口统计学、财富变化（线性和曲线）以及基线财富对 PFV 的影响：财富变化和基线财富与 PFV 相关。当控制了基线财富后，财富损失线性地预测了 PFV 的增加：结论：这些研究结果支持 PFV 的实用性。研究结果强调了在概念化主观财务福利时整合多方面财务和人口信息的重要性：临床意义：财务福利对老年客户至关重要，应进行长期评估。6 个项目的 PFV 可以有效评估不同社会经济地位的财务决策的背景方面，因此对临床评估很有价值。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Clinical Gerontologist GERIATRICS & GERONTOLOGY-PSYCHIATRY

CiteScore

6.20

自引率

25.00%

发文量

审稿时长

>12 weeks

期刊介绍： Clinical Gerontologist presents original research, reviews, and clinical comments relevant to the needs of behavioral health professionals and all practitioners who work with older adults. Published in cooperation with Psychologists in Long Term Care, the journal is designed for psychologists, physicians, nurses, social workers, counselors (family, pastoral, and vocational), and other health professionals who address behavioral health concerns found in later life, including: -adjustments to changing roles- issues related to diversity and aging- family caregiving- spirituality- cognitive and psychosocial assessment- depression, anxiety, and PTSD- Alzheimer’s disease and other neurocognitive disorders- long term care- behavioral medicine in aging- rehabilitation and education for older adults. Each issue provides insightful articles on current topics. Submissions are peer reviewed by content experts and selected for both scholarship and relevance to the practitioner to ensure that the articles are among the best in the field. Authors report original research and conceptual reviews. A unique column in Clinical Gerontologist is “Clinical Comments." This section features brief observations and specific suggestions from practitioners which avoid elaborate research designs or long reference lists. This section is a unique opportunity for you to learn about the valuable clinical work of your peers in a short, concise format.