scholarly journals Financial Impacts of the COVID-19 Pandemic on U.S. Older Adults: Assessing Pandemic-induced Job and Income Loss

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 1014-1014
Author(s):  
Walter Dawson ◽  
Nora Mattek ◽  
Sarah Gothard ◽  
Jeffrey Kaye
Keyword(s):  
Older Adults ◽  
Job Loss ◽  
Family Care ◽  
Well Being ◽  
Economic Security ◽  
Personal Income ◽  
Economic Insecurity ◽  
Income Loss ◽  
Financial Impacts ◽  
The U.S

Abstract The COVID-19 pandemic has greatly impacted the economic security of millions of older adults. Job loss and reductions in personal income were significant in 2020 stemming from pandemic-induced shutdowns that temporarily closed large swaths of the U.S. economy. Yet, the specific financial impacts of the pandemic on older adults, including family care partners, are not well understood. To understand the COVID-19 pandemic’s effects on the health and financial well-being of older adults, we gathered data from the Research via Internet of Technology and Experience (RITE) Study, a longitudinal survey panel providing data from thousands of participants of various ages and backgrounds in the U.S. on their use of healthcare and technology (N=1,365). We measured by population strata including age, sex, and education and other characteristics including caregiver status. Adults between 20-40 years of age experienced the highest rate of job loss and reduction in wages (33%) as a result of the pandemic, while adults aged >70 years experienced the lowest rate (12.5%). However, adults aged 50-60 and 60-70 also experienced relatively high levels of job loss at (28.4% and 25.7%, respectively). Behavior changes and disruptions to typical routines to avoid COVID-19 infections may have contributed to job and personal income loss amongst Individuals aged 50-60 and 60-70. However, these findings suggest potentially high levels of economic insecurity amongst individuals who continue to work into late-life. These results may help policymakers understand how to better tailor interventions and policies to mitigate economic insecurity, particularly for populations disproportionately impacted by the pandemic.

scholarly journals Physical Disability and Older Adults’ Perceived Food and Economic Insecurity During the COVID-19 Pandemic

2021 ◽  
Author(s):  
Shinae L Choi ◽  
Deborah Carr ◽  
Eun Ha Namkung
Keyword(s):  
Older Adults ◽  
Food Insecurity ◽  
Physical Disability ◽  
Job Loss ◽  
Emotional Health ◽  
Functional Limitations ◽  
Personal Characteristics ◽  
Economic Insecurity ◽  
Income Loss ◽  
Medical Bills

Abstract Objectives We examined whether older adults with physical disability were vulnerable to three types of perceived economic insecurity (difficulty paying regular bills, difficulty paying medical bills, income loss) and two types of perceived food insecurity (economic obstacles, logistical obstacles) during the early months of the COVID-19 pandemic. We evaluated the extent to which associations are moderated by three personal characteristics (age, sex, race/ethnicity) and two pandemic-specific risk factors (job loss, COVID-19 diagnosis). Methods Data are from a random 25 percent subsample of Health and Retirement Study (HRS) participants who completed a COVID-19 module introduced in June 2020. We estimated logistic regression models to predict each of five self-reported hardships during the pandemic. Results Bivariate analyses showed that persons with three or more functional limitations were more likely to report both types of food insecurity, and difficulty paying regular and medical bills since the start of the pandemic, relative to those with no limitations. After controlling for health conditions, effects were no longer significant for paying medical bills, and attenuated yet remained statistically significant for other outcomes. Patterns did not differ significantly on the basis of the moderator variables. Job loss substantially increased the risk of economic insecurity but not food insecurity. Discussion Older adults with more functional limitations were vulnerable to economic and food insecurity during the pandemic, potentially exacerbating the physical and emotional health threats imposed by COVID-19. Supports for older adults with disability should focus on logistical as well as financial support for ensuring their food security.

scholarly journals Caregiver Health and Well-Being, and Financial Strain

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 681-682
Author(s):  
Susan Reinhard ◽  
Lynn Feinberg
Keyword(s):  
Family Caregivers ◽  
Family Caregiving ◽  
Family Care ◽  
Well Being ◽  
Financial Strain ◽  
Caregiver Health ◽  
Financial Impacts ◽  
The Impact ◽  
Health And Well Being ◽  
The U.S

Abstract Family caregivers often face key challenges when caring for a relative or close friend with health or functional needs. This paper presents findings from Caregiving in the U.S. 2020 on the impact of caregiving on the physical health and well-being of family caregivers and the financial impacts of family care. The data suggest that the caregiver’s own health has declined, with 1 in 5 (21%) saying they are in fair to poor health themselves, up from 17 percent in 2015. Nearly 1 in 4 (23%) feel caregiving has made their health worse. Nearly 4 in 10 (38%) family caregivers of adults experience a moderate to a high degree of financial strain from providing care. Forty-five percent have experienced at least one financial impact (e.g., stopped savings, debt, ability to pay bills, and ability to afford necessary expenses, like food). These findings reveal that because family caregiving today is more complex, costly, and stressful than in the past, action is needed to recognize and support family caregivers in the U.S adequately.

scholarly journals Evaluating The Economic Impact Of Marriage Versus Cohabitation In Same-Sex Couples Age 50+

2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 876-876
Author(s):  
Setarreh Massihzadegan ◽  
Jan Mutchler
Keyword(s):  
Older Adults ◽  
Marital Status ◽  
Low Income ◽  
Well Being ◽  
The United States ◽  
Economic Security ◽  
Policy Implications ◽  
Future Research ◽  
Same Sex ◽  
Same Sex Couples

Abstract Utilizing the first set of 5-year American Community Survey data available since the United States’ legalization of same-sex marriage in mid-2015, this poster investigates the economic security of older adults (age 50+) in same-sex marriages compared to those in same-sex partnerships who are cohabiting but not married. Viewed through the lens of cumulative disadvantage theory, we consider differences in the economic circumstances of same-sex couples by gender and by geographic location. Findings point to gender differences in economic well-being, but relatively few differences based on marital status. For example, rates of low income are somewhat higher among female couples than among their male counterparts, but marital status differences are not substantial. These findings suggest that the benefits of being married that have long been recognized among older adults may not extend equally to same-sex couples. Findings are discussed with respect to the emerging salience of marriage within the LGBTQ older community, future research opportunities, and important policy implications.

scholarly journals Living Alone Among Older Adults in Canada and the U.S.

Healthcare ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 68 ◽  
Author(s):  
Sharon M. Lee ◽  
Barry Edmonston
Keyword(s):  
Older Adults ◽  
Living Arrangements ◽  
Well Being ◽  
The Elderly ◽  
Living Alone ◽  
Design And Technology ◽  
Foreign Born ◽  
Older Immigrants ◽  
The U.S ◽  
Acculturation Factors

Increasing proportions of people, including older adults, live alone. Studying living arrangements of the elderly is important because these affect and reflect general well-being of the elderly and inform communities’ response to elderly housing needs. We analyze data from the 2006 Canadian Census and the 2006 American Community Survey to examine living alone among non-married older adults aged 55 and older in Canada and the U.S. The paper has two parts. First, we compare native- and foreign-born elderly to see if immigrants are less likely to live alone. Second, we examine factors associated with living alone among older immigrants. While older immigrants in both countries are less likely to live alone, the large differences are substantially reduced once various explanatory variables are considered. Comparisons of four gender/country groups of older immigrants show the positive role of economic and acculturation factors on living alone among older immigrants. With few exceptions, predictors of living alone are similar for older immigrants in Canada and the U.S.: living alone is mainly explained by a combination of economic and acculturation factors, taking demographic variables into account. Findings underline the need for age-friendly housing with innovative design and technology that can accommodate older people who live alone, including older immigrants who may have different needs and cultural preferences.

Care Falls Apart

2018 ◽  
pp. 176-200
Author(s):  
Elana D. Buch
Keyword(s):  
United States ◽  
Older Adults ◽  
Public Policy ◽  
Home Care ◽  
Job Loss ◽  
Family Care ◽  
The United States ◽  
High Turnover ◽  
Care Workers

Across the United States, home care faces perpetual worker shortages and endemically high turnover levels estimated at between 60% and 90% per year. This chapter examines cases of turnover in rich ethnographic detail, arguing that the inability of agency and public policy to recognize the interdependence of older adults, workers, and their families contributes to this startling statistic. In observed cases of turnover; job loss stemmed from workers’ inabilities to sustain both their own households and those of their older adults without blurring the boundaries between them. Workers lost jobs because of conflicts with family care and because they engaged in unsanctioned reciprocities with clients. Current attempts to protect vulnerable older adults from possible exploitation actually exacerbate the exploitation of care workers and increase instability in home care.

scholarly journals Addressing social and gender inequalities in health among seniors in Canada

2003 ◽  
Vol 19 (3) ◽  
pp. 855-860 ◽  
Author(s):  
Louise A. Plouffe
Keyword(s):  
Population Health ◽  
Social Services ◽  
Subjective Effects ◽  
Age Groups ◽  
Later Life ◽  
Well Being ◽  
Economic Security ◽  
Gender Inequalities ◽  
Income Loss ◽  
The Government

Although canadian seniors enjoy economic security and good health and have made substantial gains in recent decades, this well-being is not equally shared among socioeconomic groups and between men and women. As for younger age groups, income predicts health status in later life, but less powerfully. Potential alternative explanations include an overriding influence of the aging process, the subjective effects of income loss at retirement and the attenuation of the poverty gap owing to public retirement income. Older women are more likely to age in poverty than men, to live alone and to depend on inadequately resourced chronic health care and social services. These differences will hold as well for the next cohort of seniors in Canada. Addressing these disparities in health requires a comprehensive, multisectoral approach to health that is embodied in Canada's population health model. Application of this model to reduce these disparities is described, drawing upon the key strategies of the population health approach, recent federal government initiatives and actions recommended to the government by federal commissions.

scholarly journals Association of self-perceived income status with psychological distress and subjective well-being: a cross-sectional study among older adults in India

2021 ◽  
Vol 9 (1) ◽  
Author(s):  
T. Muhammad ◽  
Shobhit Srivastava ◽  
T. V. Sekher
Keyword(s):  
Mental Health ◽  
Older Adults ◽  
Socioeconomic Status ◽  
Psychological Distress ◽  
Basic Needs ◽  
Well Being ◽  
Economic Security ◽  
Subjective Well Being ◽  
Older Population ◽  
Income Status

Abstract Background As the older population aged 65 and over worldwide, is estimated to increase from 9% in 2019 to 16% in 2050, rapid aging will transform the aspects such as economic security, employment status, and family structure. The effects of lower levels of perceived income and poor socioeconomic status on the mental health of older adults appear to be large and enduring. Therefore, the present study contributes to the literature on understanding the association of socioeconomic conditions and self-perceived income status in particular, with self-assessed mental health outcomes (psychological distress and subjective well-being) among older adults in India. Methods Data for the present study was derived from the Building Knowledge Base on Population Ageing (BKPAI) in India. Bivariate and binary logistic regression analyses were conducted to understand the relationship between socioeconomic status and outcome variables. Results About 43% of older adults had no income whereas 7% had income but perceived as not sufficient to fulfil their basic needs. Nearly, 9% of older adults were retired from regular employment. Almost 70% older adults had received no pension and nearly 18% of older adults had no asset ownership. It is revealed that older adults with income that is partially sufficient to fulfil their basic needs were 2.23 times [OR: 2.23, CI: 1.75–2.84] and 1.96 times [OR: 1.96, CI: 1.55–2.47] significantly more likely to suffer from psychological distress and low subjective well-being than those who had income which was sufficient to fulfil their basic needs. Conclusions By focusing on four target areas such as the income support, education, family oriented initiatives and local or regional policies, the current framework for assessing the mental health among older adults in India can be modified. A move towards a guaranteed pension for eligible older individuals by which they do not have to remain as a financial burden on their children, may reduce their self-perceived economic distress and result in higher levels of wellbeing in older ages. Also, strategies to address socioeconomic disadvantages and gender differentials related to mental health status among older population are urgently needed.

scholarly journals Nutrition-Related Policy Fundamentals for Supporting Older Adults in the Community during a Pandemic: Lessons from COVID-19

2021 ◽  
Vol 1 (3) ◽  
Author(s):  
Meredith Whitmire ◽  
Mary Beth Arensberg ◽  
Alexandra Ashbrook ◽  
Robert Blancato
Keyword(s):  
Older Adults ◽  
Older Adult ◽  
Healthy Aging ◽  
Well Being ◽  
Community Dwelling ◽  
Assistance Program ◽  
Older Americans ◽  
Nutrition Programs ◽  
Nutrition Assistance ◽  
The U.S

Nutrition is a key factor supporting healthy aging. Yet during the global COVID-19 pandemic, issuances of shelter-in-place orders, closures of senior centers and other congregate dining locations, losses of income, increases in grocery prices, and other changes have left many older adults struggling to maintain good nutrition. However, there are available solutions to improve the nutrition of millions of older adults who may be challenged to put food on the table. This commentary outlines the problems of older adult malnutrition and food insecurity and their strong correlation with COVID-19. It summarizes existing federal nutrition programs for older adults, including the U.S. Department of Health and Human Services’ Older Americans Act (OAA) nutrition programs and the U.S. Department of Agriculture’s means-tested nutrition programs such as the Supplemental Nutrition Assistance Program (SNAP). The commentary also contains lessons from community-based OAA nutrition programs that refocused some of their nutrition services and other supportive services during the COVID-19 pandemic to better serve socially distancing, newly homebound older adults. It explores pre- and post-COVID-19 policy actions and opportunities for improving the nutrition, health, and well-being of community-dwelling older Americans during the current pandemic and beyond, including the need for more federal funding and flexibility for older adult nutrition programs, the need for improvements to older adult access to these programs, and the need for more older adult nutrition screening and intervention.

Longitudinal Associations Between Expectations of Receiving Care in the Future and Life Satisfaction Among Older Adults in Korea

2021 ◽  
Author(s):  
Jinho Kim ◽  
Heesoo Yoon
Keyword(s):  
Older Adults ◽  
Life Satisfaction ◽  
Family Caregivers ◽  
Fixed Effects ◽  
Family Care ◽  
Well Being ◽  
Conclusive Evidence ◽  
Subjective Well Being ◽  
The Future ◽  
Future Care

Abstract Objectives Uncertainty about receiving care and assistance in the future has been increasing among older adults in Korea. This study examines whether expectations about receiving care from various sources (i.e., formal and/or filial caregivers) are related to life satisfaction among older adults in Korea. Methods Using data from the Korean Longitudinal Study of Ageing (N = 3,607, aged 65 or older), this study estimated fixed effects regression models to investigate longitudinal within-person associations between future care expectations and life satisfaction. Results The results of this study revealed that developing expectations of care from family caregivers is positively associated with life satisfaction. Beginning to expect care from non-family caregivers, however, is not associated with life satisfaction. When disaggregating different sources of care by family member type, expecting care from a spouse or daughter(s), but not son(s), is associated with higher life satisfaction. Gender-specific analyses showed that expecting care from daughter(s) is positively associated with life satisfaction among both men and women, whereas expectations of spousal care are associated with only men’s life satisfaction. This study also found suggestive but not conclusive evidence that an association between care expectations from family caregivers and life satisfaction is stronger among older adults with lower education. Discussion Reducing uncertainty about future care may improve older adults’ subjective well-being. Policymakers may consider policies and programs that support family care of the aged, and more fundamentally, encourage family involvement in the lives of older people.

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