{"title":"An Empirical Investigation on Subjective Financial Well-Being and Life Satisfaction of Older Adults in Vietnam","authors":"Long Thanh Giang, Tuen Nguyen","doi":"10.14267/cjssp.2022.1.2","DOIUrl":null,"url":null,"abstract":"This research examined factors predicting the financial well-being of older people and how financial well-being was associated with life satisfaction among older adults in Vietnam using a national survey. We found that income, assets, health status, and demographic factors were significantly associated with older adults’ financial well-being. The results also revealed that, for older adults, subjective financial well-being was positively associated with life satisfaction, but among the objective financial well-being indicators only the number of assets was directly related to life satisfaction. On the other hand, income might be indirectly related to life satisfaction through subjective financial well-being. The results were consistent across various measures of subjective financial well-being.","PeriodicalId":42178,"journal":{"name":"Corvinus Journal of Sociology and Social Policy","volume":" ","pages":""},"PeriodicalIF":0.4000,"publicationDate":"2022-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corvinus Journal of Sociology and Social Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.14267/cjssp.2022.1.2","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"SOCIOLOGY","Score":null,"Total":0}
引用次数: 0
Abstract
This research examined factors predicting the financial well-being of older people and how financial well-being was associated with life satisfaction among older adults in Vietnam using a national survey. We found that income, assets, health status, and demographic factors were significantly associated with older adults’ financial well-being. The results also revealed that, for older adults, subjective financial well-being was positively associated with life satisfaction, but among the objective financial well-being indicators only the number of assets was directly related to life satisfaction. On the other hand, income might be indirectly related to life satisfaction through subjective financial well-being. The results were consistent across various measures of subjective financial well-being.
期刊介绍:
CJSSP is an edited and peer-reviewed journal, published in yearly volumes of two issues. It publishes original academic articles, research notes, and reviews from sociology, social policy and related fields in English. It invites contributions from the international community of social researchers. The journal covers a widerange of relevant social issues. It is open to new questions, unusual perspectives, explorations and explanations of social and economic behavior, local society, or supranational challenges. Strong preference is given to problem-oriented, theoretically grounded empirical researches, comparative findings, logical arguments and careful methodological solutions. CJSSP aims to respect publication ethics, thus has adopted current best practices to counter plagiarism. The submitted articles are analyzed during the review process, and papers subject to plagiarism are rejected. Also the authors are to comply with the referencing guidelines outlined in the relevant section. The journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. With similar objectives we do not charge authors for the publication of their articles. Articles submission and processing is free of charge as well. Users can use and build upon the material published in the journal for non-commercial purposes.