| |
Centre for Policy on Ageing | |
 | |
|
Trends in financial satisfaction
— does poverty make a difference? | | Author(s) | Chang-ming Hsieh |
| Journal title | International Journal of Aging and Human Development, vol 54, no 1, 2002 |
| Pages | pp 15-30 |
| Keywords | Economic status [elderly] ; Income [older people] ; Poverty ; Life satisfaction ; Longitudinal surveys ; United States of America. |
| Annotation | Gerontological studies on financial satisfaction have been limited by the dearth of longitudinal research and the lack of research that includes the concept of poverty. To bridge these gaps, this longitudinal study uses data from the General Social Surveys 1972-1996 to examine and compare the intracohort and intercohort effects on financial satisfaction trends by poverty status among Americans age 45+. The results suggest that for both the poor and the non-poor, changes in financial satisfaction trends are mostly due to strong negative intercohort effects, indicating that younger cohorts are less satisfied financially than the older ones. There appears to be a significant difference in the intercohort effects of financial satisfaction trends between the poor and the non-poor. However, such difference can be accounted for by the differences in the effects of education and social comparison (or relative deprivation) on financial satisfaction between the poor and the non-poor. (KJ/RH). |
| Accession Number | CPA-0204168202 A |
| Classmark | F:W: JF: W6: F:5HH: 3J: 7T |
Data © Centre for Policy on Ageing |
|
| ...from the Ageinfo database published by Centre for Policy on Ageing. |
| |
|