scholarly journals Financial Resources and Later-Year Relocation From the Annuitized Assessment of Income and Assets

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 50-50
Author(s):  
Jun-Hong Chen ◽  
Sojung Park

Abstract Solid evidence has shown financial resources play important roles in housing decisions among older adults. Despite the growing research on the joint assessment of income and assets as valid economic well-being, little attention is paid to its role in relocation in old age. Drawing from the Behavioral Model of Elderly Migration, this study examined to what extent financial resources are associated with the likelihood of moving in later years. The data came from the 2017 Panel Study of Income Dynamic (PSID). A sample of 1354 people, 65 years and older, was used in the analyses. We used the annuitized approach, which is different from conventional approaches that assume people draw down all available assets to satisfy daily needs and leave no assets for use in later years. We (1) assessed annuitized assets based on the 2019 IRS Mortality Table, (2) assessed yearly income using supplementary income (i.e. income plus non-discretionary expense). A final indicator of the summed score was used in a logistic regression to predict the likelihood of moving. A set of covariates known to affect later- year relocation at an individual level (e.g. health condition, living arrangement change), environmental level (e.g. rural, non-metro area) are controlled for. In clear conflict with previous studies, we found annual financial resources did not significantly influence relocation among older adults. The notable absence of the well-known role of the economic factor provides critical initial evidence about the importance of simultaneous assessment of financial resources for the literature on later year relocation.

2020 ◽  
Vol 4 (5) ◽  
Author(s):  
Meneka C Johnson Nicholson ◽  
Peter Martin ◽  
Megan Gilligan ◽  
Carolyn E Cutrona ◽  
Daniel W Russell ◽  
...  

Abstract Background and Objectives Over the years, a large amount of research has been devoted to the investigation of factors that led to mental health outcomes in older adults. For African American older adults, their lived experiences place them at high risk for mental health problems. The purpose of this study was to examine the impact of early life influences (i.e., education, childhood life events, and childhood financial well-being) and present psychosocial resources (i.e., individual, financial, and social) on current mental health outcomes in a sample of African American older adults in their 60s, 80s, and 100s. Research Design and Methods Using data from the Georgia Centenarian Study, 125 participants were interviewed about their mental health, resources, and early life influences. Results A structural equation model was tested and resulted in a good fit. Results indicated that the more social resources African American older adults had available, the lower the number of depressive symptoms they reported. African Americans with higher levels of financial well-being during childhood reported higher self-rated mental health. Older adults had higher levels of financial resources. Level of education showed a positive relationship with financial resources. Indirect effects of distal influences on health outcomes via current resources were not found. Discussion and Implications The findings are of direct practical relevance and can be used to more readily identify older African Americans who may be susceptible to poorer mental health outcomes based upon the impact of their unique distal and proximal psychosocial resources.


2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Shobhit Srivastava ◽  
Paramita Debnath ◽  
Neha Shri ◽  
T. Muhammad

AbstractWidowhood is a catastrophic event at any stage of life for the surviving partner particularly in old age, with serious repercussions on their physical, economic, and emotional well-being. This study investigates the association of marital status and living arrangement with depression among older adults. Additionally, the study aims to evaluate the effects of factors such as socio-economic conditions and other health problems contributing to the risk of depression among older adults in India. This study utilizes data from the nationally representative Longitudinal Ageing Study in India (LASI-2017–18). The effective sample size was 30,639 older adults aged 60 years and above. Descriptive statistics and bivariate analysis have been performed to determine the prevalence of depression. Further, binary logistic regression analysis was conducted to study the association between marital status and living arrangement on depression among older adults in India. Overall, around nine percent of the older adults suffered from depression. 10.3% of the widowed (currently married: 7.8%) and 13.6% of the older adults who were living alone suffered from depression. Further, 8.4% of the respondents who were co-residing with someone were suffering from depression. Widowed older adults were 34% more likely to be depressed than currently married counterparts [AOR: 1.34, CI 1.2–1.49]. Similarly, respondents who lived alone were 16% more likely to be depressed compared to their counterparts [AOR: 1.16; CI 1.02, 1.40]. Older adults who were widowed and living alone were 56% more likely to suffer from depression [AOR: 1.56; CI 1.28, 1.91] in reference to older adults who were currently married and co-residing. The study shows vulnerability of widowed older adults who are living alone and among those who had lack of socio-economic resources and face poor health status. The study can be used to target outreach programs and service delivery for the older adults who are living alone or widowed and suffering from depression.


2022 ◽  
Author(s):  
Basha Vicari ◽  
Gundula Zoch ◽  
Ann-Christin Bächmann

Objective: We examine how care arrangements, general and altered working conditions, and worries influenced subjective well-being at the onset of the COVID-19 pandemic for working parents in Germany. Background: Prior research suggests several reasons for declines in subjective well-being, particularly for working mothers. We employ Pearlin's (1989) stress process model to explore the role of parental childcare, altered working conditions and amplified worries of working parents in terms of increased stressors and modified resources to cope with the extraordinary situation. Method: We use data from two starting cohorts from the National Educational Panel Study and its supplementary COVID-19 web survey from spring 2020 to examine possible heterogeneities in contextual factors for individual-level changes in the well-being of working mothers and fathers. Results: We confirm a more pronounced decline in well-being for working mothers than fathers. Part-time work and access to emergency care reduce the gender gap in decreased well-being. Conversely, young children in the household and personal worries are associated with lower well-being for both parents. However, we cannot explain the more significant decrease in mothers’ well-being by increased childcare responsibilities or altered working conditions. Conclusion: A greater decline in well-being indicates a particular burden among working mothers. However, it cannot be linked solely to gendered inequalities in the changes of paid and unpaid work during the first months of the pandemic.


2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 36-37
Author(s):  
Emily Bower ◽  
Aurora Newman ◽  
Paige Reohr ◽  
Kimberly Vandorden

Abstract Social connections are important for maintaining health and well-being with age. Behavioral interventions to promote connectedness hold promise, but there is limited evidence to guide effective modifications in the context of physical distancing or quarantine restrictions, such as those required during the COVID-19 pandemic. We present evidence for a brief (1-2 session) social connection intervention, “Connections Planning,” to enhance social connectedness for older adults. We first describe a cognitive-behavioral model of loneliness, which served as the framework for developing the intervention. We then present two case examples to demonstrate the application of the intervention with older adults in a community mental health clinic during physical distancing restrictions. Finally, we present initial findings from a pilot study to examine the feasibility and acceptability of the intervention delivered remotely with up to 10 community-dwelling older adults who endorse clinically significant loneliness. Recommendations for adapting the intervention during physical distancing restrictions are provided.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S145-S146
Author(s):  
Yuta Nemoto ◽  
Ryota Sakurai ◽  
Masami Hasebe ◽  
Kumiko Nonaka ◽  
Hiroko Mtsunaga ◽  
...  

Abstract This study examined the interaction of participating in volunteer activity and its burden on health outcomes. A community-based cross-sectional study was conducted in 2018. Of 8426 older adults aged 65 and over, 5232 individuals were included in the analyses (response rate: 62.1%). Health outcomes included self-rated health (SRH), mental health (The World Health Organization Five Well-Being Index: WHO-5), and Instrumental Activities of Daily Living (Tokyo Metropolitan Institute of Gerontology Index of Competence: TMIG-IC) as dependent variables. Independent variables included engagement in volunteer activity and its burden. These variables were combined and classified into three groups: non-participants; participants with burden; and participants without burden. Covariates included age, gender, educational attainments, economic status, and living arrangement. Logistic regression analysis and analysis of covariates were conducted to examine the interaction of volunteer activity and its burden on health outcomes. Of 5232 older adults, 76.3% of subjects were non-participants, 3.4% were participants with burden, and 20.3% were participants without burden. Multivariate analysis showed that non-participants were more likely to have poor health outcomes compared with participants with burden. Moreover, participants without burden were more likely to have better health outcomes (SRH: Odds Ratio [OR] = 1.92, 95% Confidence Interval [CI] = 1.70 to 2.17, WHO-5: OR = 1.69, 95% CI = 1.51 to 1.88, TMIG-IC: Coefficient = 0.36, 95% CI = 0.10 to 0.62). Our findings suggest that volunteer activity is related to better health regardless of their burden. However, burden of volunteer engagement might attenuate the relationships between volunteer activity and health outcomes.


2014 ◽  
Vol 26 (8) ◽  
pp. 1301-1319 ◽  
Author(s):  
Andrea L. Rosso ◽  
Loni P. Tabb ◽  
Tony H. Grubesic ◽  
Jennifer A. Taylor ◽  
Yvonne L. Michael

Objective: Evaluate associations of neighborhood social capital and mobility of older adults. Method: A community-based survey (Philadelphia, 2010) assessed mobility (Life-Space Assessment [LSA]; range = 0-104) of older adults ( n = 675, census tracts = 256). Social capital was assessed for all adults interviewed from 2002-2010 ( n = 13,822, census tracts = 374). Generalized estimating equations adjusted for individual- and neighborhood-level characteristics estimated mean differences and 95% confidence intervals (CIs) in mobility by social capital tertiles. Interactions by self-rated health, living arrangement, and race were tested. Results: Social capital was not associated with mobility after adjustment for other neighborhood characteristics (mean difference for highest versus lowest tertile social capital = 0.79, 95% CI = [−3.3, 4.8]). We observed no significant interactions. In models stratified by race, Black participants had higher mobility in high social capital neighborhoods (mean difference = 7.4, CI = [1.0, 13.7]). Discussion: Social capital may not contribute as much as other neighborhood characteristics to mobility. Interactions between neighborhood and individual-level characteristics should be considered in research on mobility.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S21-S21
Author(s):  
van Solinge ◽  
Olga Grunwald

Abstract Retirement is a significant life transition in late adult life that often brings about great changes in individuals’ patterns of everyday activity, social networks as well as one’s economic resources, requiring adjustment for both the retiree and other members of the household. Retirement is a process that starts with a preparatory stage, followed by the actual act of retirement and a post-retirement stage where retirees have to get used to the changing aspects of life that result from the work-retirement transition, and seek to achieve psychological comfort with their retirement life. This symposium brings together empirical research on the various stages of the retirement process, from different national backgrounds. The guiding question is how work and the loss of work affect well-being. Hence, the symposium will give insights into the circumstances under which retirement risks well-being and psychological comfort of older adults. Anna Wanka discusses under which conditions retirement feels right for German retirees, and how this feeling shifts and changes throughout the retirement process. Sarah Dury follows with the post-retirement stage by demonstrating a qualitative perspective of recently retired Belgians about their adjustment, role and activities they exert during post-retirement. Isabelle Hansson examines the role of personality for retirement adjustment in a Swedish sample of older adults. Hanna van Solinge explores the impact of agency in the work-retirement transition on adjustment to a longer working life /retirement and life satisfaction in a Dutch panel study.


2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 473-474
Author(s):  
Yan Zhang ◽  
Shannon Shen ◽  
Yulin Yang

Abstract We examine the relationship between social integration and cognitive impairment and dementia among older adults using longitudinal data from Waves 1-8 of the National Health and Aging Trends Study (NHATS). The sample includes 7,492 respondents age 65 and older at baseline. We test multidimensional measures of social integration and cognitive well-being using discrete-time hazard models. The risk of dementia is calculated by a series of performance-based tests. Measures include levels of dementia: no dementia, cognitive impairment not dementia (CIND), and dementia, and three domains of cognition functioning: orientation, executive function, and memory. Social integration is an additive index measured by several questions, including marital status, living arrangement, social network, social contact, and social participation. Our results indicate that people with higher social integration have a lower risk of both cognitive impairment (not dementia) and dementia compared to those with lower social integration. This pattern continued across specific domains of cognitive functioning, including lower risk of orientation impairment, executive function impairment, and memory impairment for those with higher social integration. Tests of both gender and racial interactions did not yield any significant differences. Our findings demonstrate the strong association between social integration and lower risk of dementia among older adults. This study can speak to policy makers as the life expectancy of Americans increases and the aging population grows, highlighting the importance of giving support to older adults who are lack of social connectedness.


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