scholarly journals Effects of actual and perceived financial literacy skills on financial well-being at retirement

2021 ◽  
Vol 55 (2) ◽  
pp. 5-16
Author(s):  
Zsofia Voros ◽  
Zoltan Szabo ◽  
Zoltán Schepp ◽  
Daniel Kehl ◽  
Oliver Bela Kovacs
Keyword(s):  
Decision Making ◽  
Elderly People ◽  
Financial Literacy ◽  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Literacy Skills ◽  
Financial Knowledge ◽  
Subjective Well Being ◽  
Financial Situation

THE AIMS OF THE PAPER Studies have not explained fully how financial literacy, decision making skills and the diverse forms of financial literacy overconfidence interact with each other to explain households’ actual and perceived financial well-being at retirement. This study aims to map the interactions among these constructs within the elderly population. METHODOLOGY In the framework of a larger assessment on subjective well-being and its antecedents at retirement, three hundred retired people between the age of 65 and 85 filled out a questionnaire in their home in Hungary in March 2019. MOST IMPORTANT RESULTS Elderly people are overconfident in their financial literacy skills both on absolut and relative levels. Percieved financial literacy is a better predictor of financial situation than actual financial literacy. However, financial literacy overconficence relative to others harms elderly people’s financial situation. Subjective financial well-being is mainly driven by the actual financial situation. Decision making skills play an important role in the calibration of financial literacy skills and have an additional direct effect on the subjective level of financial well-being. Our outcomes reinforce that it is indeed worth promoting programs helping elderly people acquiring domain-specific financial knowledge. These programs may lead to better financial situation and higher self-efficacy. Moreover, our findings imply that it would be worthwhile for programs to concentrate on the calibration of financial knowledge vis-á-vis others. RECOMMENDATIONS To complement the mainstream literature, the study examines the forms of overconfidence and their effects on financial well-being separately and concentrates on the elderly population. Acknowledgements: The project was financed by the European Social Fund: Comprehensive Development for Implementing Smart Specialization Strategies at the University of Pecs (EFOP-3.6.1.- 16-2016-00004). Declarations of interest: none.

scholarly journals The social support networks of elderly people in Slovenia during the Covid-19 pandemic

2020 ◽  
Author(s):  
Marjan Cugmas ◽  
Anuška Ferligoj ◽  
Tina Kogovšek ◽  
Zenel Batagelj
Keyword(s):  
Social Support ◽  
Elderly People ◽  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Support Networks ◽  
Support Network ◽  
Social Support Networks ◽  
Ego Networks ◽  
The Social

Population ageing requires society to adjust by ensuring additional types of services and assistance for elderly people. These may be provided by either organized services and sources of informal social support. The latter is especially important since a lack of social support is associated with a lower level of psychological and physical well-being. During the Covid-19 pandemic, social support for the elderly has proven to be even more crucial, also due to physical distancing. Therefore, this study aims to identify and describe the various types of personal social support networks of the elderly population during the coronavirus pandemic. To this end, a survey of Slovenians older than 64 years was conducted from April 25 to May 4, 2020 on a probability Web-panel-based sample (n = 605). The ego-networks were clustered by a hierarchical clustering approach for symbolic data. Clustering was performed for different types of social support (socializing, instrumental support, emotional support) and different characteristics of the social support networks (i.e., type of relationship, number of contacts, geographical distance). The results show that most of the elderly population in Slovenia have a satisfactory social support network, while the share of those without any (accessible) source of social support is significant. The results are particularly valuable for sustainable care policy planning, crisis intervention planning as well as any future waves of the coronavirus.

scholarly journals Experience of Elderly People Regarding the Effect of Yoga/Light Exercise on Sedentary Behavior: A Longitudinal Qualitative Study in Madhya Pradesh, India

Geriatrics ◽  
2020 ◽  
Vol 5 (4) ◽  
pp. 103
Author(s):  
Priyanka Gour ◽  
Anita Choudhary ◽  
Krushna Chandra Sahoo ◽  
Maria Jirwe ◽  
Mats Hallgren ◽  
...  
Keyword(s):  
Qualitative Study ◽  
Sedentary Behavior ◽  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Madhya Pradesh ◽  
Subjective Well Being ◽  
Group Discussions ◽  
Effects Of Aging ◽  
Positive Effect

This study is set on the background of a randomized control trial (RCT) in which intervention was carried to observe the effects of yoga/light exercise on the improvement in health and well-being among the elderly population. A longitudinal qualitative study was conducted as part of RCT interventions to explore the experience of the elderly practicing yoga/light exercise in relation to sedentary behavior in the Ujjain district of Madhya Pradesh, India. Participants of the RCT were selected for this study. Eighteen focus group discussions were conducted—six during each phase of RCT interventions (before, during, and after). The findings regarding motivating and demotivating factors in various phases of intervention were presented in three categories: experience and perception of the effects of yoga/light exercise on sedentary behavior (1) before, (2) during, and (3) after intervention. This study explores the positive effect of yoga/light exercise on sedentary behavior and subjective well-being on the elderly population. They were recognized to have undergone changes in their physical and emotional well-being by consistently practicing yoga/light exercise. The main driving factors were periodic health check-ups and the encouragement of qualified trainers without any cost. This study concludes with the notion that these interventions should be encouraged in the community to use physical exercise as a method to better control the physical and social effects of aging.

Subjective Well-being Poverty of the Elderly Population in China

2011 ◽  
Vol 45 (6) ◽  
pp. 714-731 ◽  
Author(s):  
Xiaolin Wang ◽  
Xiaoyuan Shang ◽  
Liping Xu
Keyword(s):  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Subjective Well Being

scholarly journals Subjective well-being of elderly people in a social care home in the process of participation

2015 ◽  
Vol 2 ◽  
pp. 59
Author(s):  
Ineta Robiņa
Keyword(s):  
Theoretical Analysis ◽  
Elderly People ◽  
Social Life ◽  
Social Care ◽  
Care Home ◽  
Well Being ◽  
The Elderly ◽  
Subjective Well Being ◽  
Integration Process ◽  
The Social

Elderly people feel isolated from their former living place and they need social pedagogical support in the course of integration in a social care home. The integration of elderly people in a social environment is made more difficult because of the possible necessity of participation in the social life. The theoretical analysis has resulted in doing research on the theoretical content of the process of aging as well as in defining well-being and participation indicators. The research has been done in order to broaden the participation possibilities in a social care home, and as a result of the integration process to achieve the elderly people’s subjective well-being.

scholarly journals Factors Associated with Decision Making in Treatment of Health Problems among Elderly People in Dhital, Kaski District

2020 ◽  
pp. 61-68
Author(s):  
Prabati Dhungana
Keyword(s):  
Decision Making ◽  
Elderly People ◽  
Simple Random Sampling ◽  
Well Being ◽  
The Elderly ◽  
Health Problems ◽  
Family Type ◽  
Walking Distance ◽  
Factors Associated ◽  
Major Factors

Self-determination of one’s own treatment process is one of the major decision makings of an individual’s life. It is even more crucial among elderly population as old age brings multiple physical and mental challenges to overall well-being of an individual. This paper aims to find the factors associated with decision making in treatment of health problems of the elderly people. The study was conducted in Dhital Village of Kaski District. Out of 198 elderly people with aged 60 years and above, 131 respondents (at 5% margin of error and 5% level of significance) were randomly selected using simple random sampling techniques. The information was collected by using semi-structured questionnaires through interview techniques. Chi-squared test was used to find the factors associated with the decision making in treatment. The decisions of more than two-third (69.5%) of the respondents were taken by their family members whereas almost one-third (30.5%) of the decisions were self-made. The proportion of the females who made their decision for treatment themselves is less than that of males. The results of the study showed that gender, literacy level, family type, money expensed for treatment, and walking distance to health centers were the major factors associated with decision making in treatment of health problems. It is believed that the findings of this study can help facilitate the better use of health facilities and add a significant contribution in the formulation of aging-friendly policies.

The Impact of Welfare Facilities on Happiness of the Elderly: Evidence from Seoul, Korea

2019 ◽  
pp. 0739456X1987411 ◽  
Author(s):  
Danya Kim ◽  
Jangik Jin
Keyword(s):  
Fixed Effects ◽  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Subjective Well Being ◽  
Cross Sectional ◽  
Time Specific ◽  
The Impact ◽  
The City ◽  
Positive Effect

Across the world, there are growing concerns about how to care for an increasingly large elderly population. We explore how elderly welfare facilities influence seniors’ subjective well-being, focusing on the city of Seoul, Korea, using the 2005–2015 Seoul Survey data. Through pooled cross-sectional data analysis with time-specific and location-specific fixed-effects, we estimate the effect of the number of local welfare facilities on elderly subjective well-being. Our results show that elderly welfare facilities have a positive effect on elderly subjective well-being after controlling for endogeneity, but these facilities are more important for the more aged elderly and lower income elderly.

scholarly journals The social support networks of elderly people in Slovenia during the Covid-19 pandemic

PLoS ONE ◽  
2021 ◽  
Vol 16 (3) ◽  
pp. e0247993
Author(s):  
Marjan Cugmas ◽  
Anuška Ferligoj ◽  
Tina Kogovšek ◽  
Zenel Batagelj
Keyword(s):  
Social Support ◽  
Elderly People ◽  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Support Networks ◽  
Support Network ◽  
Social Support Networks ◽  
Ego Networks ◽  
The Social

Population ageing requires society to adjust by ensuring additional types of services and assistance for elderly people. These may be provided by either organized services and sources of informal social support. The latter are especially important since a lack of social support is associated with a lower level of psychological and physical well-being. During the Covid-19 pandemic, social support for the elderly has proven to be even more crucial, also due to physical distancing. Therefore, this study aims to identify and describe the various types of personal social support networks available to the elderly population during the pandemic. To this end, a survey of Slovenians older than 64 years was conducted from April 25 to May 4, 2020 on a probability web-panel-based sample (n = 605). The ego networks were clustered by a hierarchical clustering approach for symbolic data. Clustering was performed for different types of social support (socializing, instrumental support, emotional support) and different characteristics of the social support networks (i.e., type of relationship, number of contacts, geographical distance). The results show that most of the elderly population in Slovenia has a satisfactory social support network, while the share of those without any (accessible) source of social support is significant. The results are particularly valuable for sustainable care policy planning, crisis intervention planning as well as any future waves of the coronavirus.

scholarly journals Effects of Garden Visits on Long-term Care Residents as Related to Depression

2005 ◽  
Vol 15 (2) ◽  
pp. 298-303 ◽  
Author(s):  
Erja Rappe ◽  
Sirkka-Liisa Kivelä
Keyword(s):  
Elderly People ◽  
Long Term Care ◽  
Well Being ◽  
The Elderly ◽  
Subjective Well Being ◽  
Older Individuals ◽  
Term Care ◽  
Major Health Problem ◽  
Peace Of Mind

Depression is a major health problem among the elderly. Its prevalence is high among those in long-term care. Exposure to the garden environment may alleviate depressive symptoms, but there is little research evidence to confirm this hypothesis. In this study we investigated the perceived effects and meanings related to garden visits among older individuals living in long-term care and assessed whether there are associations between experiences from garden visits and self-rated depression. Data were gathered by surveying 30 elderly people living in Kustaankartano, a nursing home and service center for elderly people in Helsinki, Finland. Prevalence of self-rated depression was high; 46% of the participants were depressed. Both being in the garden and seeing it from the balcony and observing nature were of great significance for most of the participants. For more than half of the participants, visiting the garden improved mood, quality of sleep, and ability to concentrate; it generated feelings of recovery and promoted peace of mind. Affective effects of visiting the garden tended to be more pronounced among the depressed than among those not depressed. The depressed did not consider social interaction and participation in social activities very important for their well-being. Depression tended to be related to perception of the residents that they experienced hindrances and distresses associated with visiting the garden. Although there were indicative differences between the depressed and nondepressed participants in garden experiences, the results suggest that visiting the garden may affect the subjective well-being of both groups positively.

scholarly journals Self-reported Morbidities, Nutritional Characteristics, and associated factors in Institutionalized and Non-Institutionalized Elderly

2021 ◽  
Author(s):  
Benksim Abdelhafid ◽  
Ait Addi Rachid ◽  
Khalloufi Elhassania ◽  
Habibi Aziz ◽  
Cherkaoui Mohammed
Keyword(s):  
Health Insurance ◽  
Nutritional Status ◽  
Elderly People ◽  
Statistical Significance ◽  
Well Being ◽  
The Elderly ◽  
Subjective Well Being ◽  
Number Of Children ◽  
Significant Difference ◽  
Nutritional Characteristics

Abstract AbstractBackground: As the world's population ages and people live longer, it seems important to ensure that older people have a good quality of life and positive subjective well-being. The objective of this study is to determine socio-economic, health and nutritional characteristics of institutionalized and non-institutionalized elders in the province of Marrakech.Methods: This study was conducted among 368 elderly people in the province of Marrakech between March 2017 and June 2019. Of all participants, 180 elderly people reside in a public establishment and 188 of them live at home. Data on health conditions, nutritional status, functional and socio-economic characteristics were collected. Statistical analysis used SPSS software.Results: Institutionalized elders were illiterate (80.0%), had low incomes (95.5%), and unmarried (73.3%).They reported no children (56.1%) and no health insurance (98.9%). Institutional residents suffered from malnutrition (22.2%), hearing impairments (35.6%) and severe edentulism (43.3%). There was no significant difference between both groups on daily activities and depression. A multivariate analysis identified a model with three significant variables associated with non-institutionalized elders: health insurance (P=0.001; OR=107.49), number of children (P=0.001; OR=1.74) and nutritional status (p=0.001; OR=3.853). The data were analyzed by using SPSS version 16.0. Statistical significance was set at p<0.05.Conclusions: This study shows that the institutionalization of the elderly is considerably induced by various factors such as nutritional problems, lack of health insurance and family structure. To mitigate the effects of this phenomenon, home care strategies and preventive actions should be carried out to delay the referral of the elderly to institutions and to keep them socially active.

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