Centre for Policy on Ageing
 

 

Does money matter?
 — older people's views of their monetary resources
Author(s)Glenda Cook, Jan Reed, Susan Childs
Corporate AuthorCentre for Care of Older People (CCOP), University of Northumbria; IMRI (Information Management Research Institute), University of Northumbria; Joseph Rowntree Foundation - JRF
PublisherJoseph Rowntree Foundation, York, 2004
Pages74 pp
SourceYork Publishing Services, 64 Hallfield Road, Layterthorpe, York YO31 7ZQ. PDF version (ISBN 1859351603) available at www.jrf.org.uk/bookshop
KeywordsIncome [older people] ; Attitude ; Literature reviews.
AnnotationResearch for this project funded by the Joseph Rowntree Foundation (JRF) was carried out by two research centres, the Centre for Care of Older People (CCOP) and IMRI (Information Management Research Institute), both at the University of Northumbria. Their study has two strands: the first eliciting the views of older people about the role of money in later life, the second searching for and reviewing the literature. Sources used range from "grey literature" to individual interviews and focus group discussions; gaps and anomalies are highlighted. Findings from these sources are outlined on: the importance of money in later life; financial literacy; living on a low income; the poverty trap; money and resources for a comfortable later life; financial resources as a mediator of disability, ill health and frailty; direct payments and brokerage schemes that give control back to older people dependent on care; and older people's contribution to society. The overriding conclusion is that money is valued, not as an end; rather, as a means to an end, what it enables older people to do, and the sense of control over personal circumstances that it gives. (RH).
Accession NumberCPA-040204004 B
ClassmarkJF: DP: 64A

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