scholarly journals Why do older adults avoid seeking financial advice? Adviser anxiety in the Netherlands

2016 ◽  
Vol 37 (6) ◽  
pp. 1268-1290 ◽  
Author(s):  
HENDRIK P. VAN DALEN ◽  
KÈNE HENKENS ◽  
DOUGLAS A. HERSHEY
Keyword(s):  
Older Adults ◽  
Time Perspective ◽  
Future Time Perspective ◽  
Risk Tolerance ◽  
Hierarchical Regression ◽  
Future Time ◽  
Low Incomes ◽  
The Common ◽  
Low Levels ◽  
Item Scale

ABSTRACTWhy is it that many people fail to seek retirement planning advice when doing so is clearly indicated? Distrust of financial intermediaries is often presented as the common answer. But this paper shows that trust issues are only part of the answer; an appreciable proportion of individuals experience anxiety at the prospect of visiting a financial adviser. In the present investigation, financial adviser anxiety is studied among 950 Dutch adults over the age of 50. Anxiety levels were measured using a six-item scale that was administered as part of a larger nationwide investigation on retirement attitudes and behaviour. Findings revealed that nearly one-third of respondents reported having moderate to severe levels of anxiety at the prospect of visiting a financial professional. Furthermore, a hierarchical regression analysis revealed that strong predictors of anxiety included one's educational level, income, age, level of future time perspective, risk tolerance, financial knowledge and scepticism regarding whether advice from a financial professional can be trusted. A cluster analysis using demographic and psychological covariates identified three separate groups of older adults that were found to differ in terms of their mean level of anxiety. Those who had low levels of education and low incomes were found to disproportionately display high levels of financial adviser anxiety.

scholarly journals The effects of work centrality on active ageing among the older adults

2014 ◽  
Vol 27 (3) ◽  
pp. 565-584
Author(s):  
Songhwa Doo ◽  
JaeYoon Chang ◽  
Juil Rie
Keyword(s):  
Older Adults ◽  
Older Persons ◽  
Time Perspective ◽  
Role Theory ◽  
Future Time Perspective ◽  
Moderating Effect ◽  
Mediating Effect ◽  
Active Ageing ◽  
Future Time ◽  
Work Centrality

This aimed to investigate the effect of work centrality during one’s entire career on the post-retirement adaptation(esp. active ageing) among older persons. Specifically, it was intended to study the mediating effect of generativity on the work centrality and active ageing and the moderating effect of future time perspective on the relationship between generativity and active ageing. By analysing the data from the retired older persons(55~70 yrs.), it was found in this study that generativity fully mediated the effect of work centrality on active ageing the following results. However, there was not significant moderating effect of future time perspective. These results did not support the role theory, but confirm the prediction based on the continuity theory which holds that older adults attempt to preserve and maintain existing internal and external structures and they prefer to accomplish this objective by using strategies tied to their past experiences.

Adult children’s goals as predictors of communication satisfaction with their parent: The moderating roles of inferences of the parent’s goals and future time perspective of the parent

2021 ◽  
pp. 026540752110568
Author(s):  
Quinten S. Bernhold
Keyword(s):  
Social Support ◽  
Adult Children ◽  
Time Perspective ◽  
Future Time Perspective ◽  
Communication Satisfaction ◽  
European American ◽  
Future Time ◽  
Protection Goals ◽  
Low Levels ◽  
General Communication

Adult children ( N = 245, MAge = 50.55 years, 62.0% women, 80.0% European American) reported on their own prosocial goals during typical interactions with their parent, inferences of their parent’s prosocial goals, assessment of their parent’s future, and general communication satisfaction in their relationship with their parent. Prosocial goals were considered as social support goals and relationship protection goals. The study examined how children’s own prosocial goals predicted children’s general communication satisfaction, as well as how children’s inferences of their parent’s goals and future time perspective of their parent moderated these associations. The associations between children’s own goals and children’s communication satisfaction were positive (1) when children inferred that their parent held the same goals and perceived their parent’s future as restricted, or (2) when children inferred that their parent held relatively low levels of the goals and perceived their parent’s future as expansive. The study illuminates the contingencies under which children’s goals predict children’s general communication satisfaction.

Psychometric Properties of the Future Time Perspective Scale for the Turkish Population: Age Differences in Predictors of Time Perspective

2019 ◽  
Vol 91 (1) ◽  
pp. 85-106
Author(s):  
Cem Soylu ◽  
Banu C. Ozekes
Keyword(s):  
Older Adults ◽  
Young Adults ◽  
Psychometric Properties ◽  
Psychological Health ◽  
Time Perspective ◽  
Reliability And Validity ◽  
Future Time Perspective ◽  
Community Dwelling ◽  
Future Time ◽  
The Future

The purpose of this study was to determine the psychometric properties of the Turkish version of the Future Time Perspective Scale (FTPS-T) and examine age-group differences in the predictors of respondents’ future time perspective. Data were collected from a sample of 202 young adults (aged 18–28 years) and 127 community-dwelling older adults (aged 60–86 years). The internal consistency and test–retest methods were employed to assess the reliability of the FTPS-T, and the FTPS-T’s validity was assessed using construct- and criterion-related validity. The reliability and validity analyses demonstrated that the FTPS-T had satisfactory psychometric properties. Multiple regression analyses revealed that the strongest predictor of future time perspective in young adults was subjective psychological health, whereas chronological and subjective (i.e., physical) ages were stronger predictors among older adults. These findings indicate that subjective variables shape the perceptions of a lifetime, and the results are discussed in the context of socioemotional selectivity theory.

scholarly journals Perceiving More Age-Related Losses? The Role of General Control Beliefs and Daily Disturbance to Plans

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 286-287
Author(s):  
Xianghe Zhu ◽  
Shevaun Neupert
Keyword(s):  
Older Adults ◽  
Time Perspective ◽  
Future Time Perspective ◽  
Control Beliefs ◽  
Future Time ◽  
Daily Stress ◽  
Daily Diary Study ◽  
Age Related ◽  
Future Plans

Abstract We examined daily fluctuations in future time perspective within the daily stress and awareness of aging processes. Awareness of age-related change (AARC) focuses on everyday experiences that highlight changes in behavior and functioning as a result of growing older. We integrated individual differences in control beliefs because those with higher control tend to be more resilient to stressors. We conducted a daily diary study of 112 older adults (aged 60-90) who completed measures of control beliefs at baseline and then daily measures of stressor exposure, appraisal (e.g., threats to future plans), and AARC for eight consecutive days. Increases in threats to future plans were associated with increases in AARC losses, and those with low control were especially vulnerable to increases in threats to future plans. With a constricted future time perspective, any threats to future plans may be especially harmful for older adults who are low in control beliefs.

scholarly journals Impacts of secure attachment, 5 factor personality, future time perspective on productive ageing

2013 ◽  
Vol 26 (2) ◽  
pp. 341-370
Author(s):  
JuIl Rie
Keyword(s):  
Time Perspective ◽  
Future Time Perspective ◽  
Openness To Experience ◽  
Hierarchical Regression ◽  
Big Five Personality ◽  
Secure Attachment ◽  
Future Time ◽  
Psychological Determinants ◽  
Sociological Factors ◽  
Productive Ageing

It is hope and need of society that most of people will keep their life productive after becoming elderly. In this study, we want to find demographic-sociological and psychological determinants for productive ageing. In our study, productive ageing were constructed as 4 factors, goal pursuit activities, career development activities, family support activities, and society volunteering activities. We collected data from 471 elderly beyond 65. Sex, age, spouse existence, income by month, education, work or non-work, working time were correlated significantly with productive ageing. And openness to experience and conscientious personality, secure attachment, and future time perspective were correlated significantly with productive ageing. Especially, big five personality and future time perspective impacted significantly on productive ageing after controling demographic-sociological factors through hierarchical regression analysis. Openness to experience and future time perspective were important consistently for all productive ageing activities. When we analyzed causal relationship among openness to experience, secure attachment, future time perspective and productive ageing through AMOS, future time perspective mediated relationship between openness to experience and productive ageing, and relationship between secure attachment and productive ageing. Also, openness to experience, secure attachment, and time perspective all had a big impact on productive ageing directly.

Ageism Affects the Future Time Perspective of Older Adults

GeroPsych ◽  
2018 ◽  
Vol 31 (3) ◽  
pp. 115-126 ◽  
Author(s):  
Sarah J. Barber ◽  
Shyuan Ching Tan
Keyword(s):  
Older Adults ◽  
Time Perspective ◽  
Future Time Perspective ◽  
Mechanical Turk ◽  
Future Time ◽  
Adult Participants ◽  
Personal Experiences ◽  
The Future ◽  
Amazon's Mechanical Turk

Abstract. These studies tested whether ageism affects the future time perspective (FTP) of older adults. Ageism occurs when someone is classified as “old” and is judged or treated differently as a result. To mimic this, we recruited participants (aged 50+) from Amazon’s Mechanical Turk. We made their age salient, exposed them to negative aging stereotypes, and asked them to complete Carstensen and Lang’s (1996) FTP Scale. Across multiple studies, participants assigned to the ageism conditions rated their futures as having fewer opportunities. This effect was mediated by mood and did not occur for younger adult participants. In addition, as the personal experiences of older adults with ageism increased, their perception of futures opportunities decreased. Thus, ageism reduces the future opportunities older adults see for themselves.

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