scholarly journals A Study of the Financial Crisis and its Effect on Psychological Well-Being, Health, Satisfaction, and Financial Incapability

Author(s):  
Paul Thompson

Abstract This study explores the effect of the financial crisis on the consumer and its impact on psychological well-being and life satisfaction with the core question investigating what effect the financial crisis has on United Kingdom household heads psychological well-being and life satisfaction. The reversed model approach used in the study analyzed from two perspectives before and after the financial crisis. One is to investigate the psychological well-being using the general health questionnaire and its effect on health, life satisfaction and financial incapability. Two is to investigate financial incapability and its effect on health, life satisfaction and psychological well-being based on the British Household Panel (1991 - 2009) and Understanding Society (2010) Surveys. The surveys which are two integrated large nationwide panel survey commissioned by the United Kingdom government as an instrument to measure social and economic indicators at the individual and household level. The result of the analysis indicates that overall life satisfaction and financial incapability are important determinants of psychological well-being. The paper further explored the impact of the financial crisis on a household head before and after the crash. The results suggest that satisfaction with life, health implications, psychological well-being, and financial capability were significantly lower after the financial crisis. In conclusion, the results explain why overall life satisfaction generally affects individuals psychological well-being and financial capability, and why those with high financial incapability have poor psychological well-being.

2021 ◽  
pp. 088626052110425
Author(s):  
Omar Saldaña ◽  
Oscar Wu-Salmeron ◽  
Emma Antelo ◽  
Álvaro Rodríguez-Carballeira

In the context of the adverse effects of psychological abuse, this study examined satisfaction with life, psychological well-being, and social well-being in survivors of social groups that are high-demand, manipulative, totalitarian, or abusive toward their members. We specifically tested the mediating role between group psychological abuse and current well-being of psychological stress suffered after leaving the group. An online questionnaire was administered to 636 Spanish-speaking former members of different groups, 377 victims of group psychological abuse and 259 nonvictims. Participants reporting group psychological abuse showed significantly lower levels of life satisfaction, psychological well-being, and social well-being compared to nonvictims. Greater differences in well-being between victims and nonvictims were related to positive relationships with others ( d = .85), self-acceptance ( d = .51), social integration ( d = .44), and social acceptance ( d = .41). Victims’ life satisfaction and well-being were positively correlated with the time that has passed since leaving the group, but nonsignificant effects were found regarding the type of the group (i.e., religious vs. nonreligious), the age at which they joined the group (i.e., born into or raised in the group vs. during adulthood), the length of group membership, and the method of leaving (i.e., personal reflection, counseled, or expelled). Moderate associations were found between group psychological abuse, psychological stress, and well-being measures, and results demonstrated that psychological stress mediated the impact of group psychological abuse on life satisfaction and well-being. Understanding the negative impact of group psychological abuse on well-being is important to promote survivors’ optimal functioning during their integration process into the out-group society.


Dementia ◽  
2021 ◽  
pp. 147130122098538
Author(s):  
Anthea Innes ◽  
Helen F Scholar ◽  
Jana Haragalova ◽  
Monika Sharma

Promoting access to heritage settings has been acknowledged as a way to promote well-being in the United Kingdom for people living with dementia and their care partners. Yet there is a lack of information available internationally on the contribution of heritage sites to promote well-being and social inclusion for those living with dementia. This study addresses this gap by reporting on the impact for 48 people of participating in the ‘Sensory Palaces’ (SP) programme run by Historic Royal Palaces at Hampton Court and Kew Palaces in the United Kingdom. Two primary data sources were used; post-session interviews involving 30 participants (the person living with dementia and/or their care partners), and 131 sets of self-complete pre- and post-session mood questionnaires administered directly before and after SP session attendance. Analysis of the data sets is presented under three themes: enjoyment and engagement; connecting and learning and place, space and time. The findings demonstrate that participants highly valued the heritage sessions and reported positively on the impact this had for their individual well-being and their relationships with one another. This study highlights the opportunity for heritage sites to contribute to promoting well-being for people living with dementia.


2020 ◽  
Vol 87 (6) ◽  
pp. 2703-2726 ◽  
Author(s):  
Erik Lindqvist ◽  
Robert Östling ◽  
David Cesarini

Abstract We surveyed a large sample of Swedish lottery players about their psychological well-being 5–22 years after a major lottery event and analysed the data following pre-registered procedures. Relative to matched controls, large-prize winners experience sustained increases in overall life satisfaction that persist for over a decade and show no evidence of dissipating over time. The estimated treatment effects on happiness and mental health are significantly smaller. Follow-up analyses of domain-specific aspects of life satisfaction implicate financial life satisfaction as an important mediator for the long-run increase in overall life satisfaction.


Author(s):  
Cathleen Desrochers ◽  
Sylvie Lapierre ◽  
Michel Alain

ABSTRACTThe present study focused on variables influencing psychological well-being during the period of adjustment to retirement (6 to 36 months). The sample included 141 respondents – 69 retired men and 72 retired women – who completed questionnaires evaluating life satisfaction, retirement satisfaction, and psychological well-being. Variables traditionally examined (socio-demographic, health, attitude, and social) explained 45 to 57 per cent of the variance related to life and retirement satisfaction, but explained a smaller percentage (9 to 37%) of the variance related to the six dimensions of psychological well-being. This study, therefore, confirmed the impact of traditional variables on life and retirement satisfaction but brought out the importance of investigating other variables that could explain psychological well-being during retirement.


2017 ◽  
Vol 20 (3) ◽  
pp. 340-351 ◽  
Author(s):  
Meire Cachioni ◽  
Lais Lopes Delfino ◽  
Mônica Sanches Yassuda ◽  
Samila Sathler Tavares Batistoni ◽  
Ruth Caldeira de Melo ◽  
...  

Abstract Objective: The present study aimed to analyze the distribution of measures of subjective and psychological well-being according to demographic criteria and length of participation in the program. Method: A cross sectional study using the following instruments was carried out: a sociodemographic questionnaire (age, gender, education, length of participation in University of the Third Age (U3A) and similar programs located in the city of São Paulo, Brazil; an Overall Life Satisfaction Scale; a Life Satisfaction Scale that contemplated four domains: health, physical capacity, mental capacity and social involvement; a Positive/Negative Affect Scale; and a Personal Development Scale. The data were analyzed by the chi-squared test (for comparison of categorical variables), the Mann-Whitney and the Kruskal-Wallis U tests (for comparison of continuous variables). Results: Age and gender were the main factors that were significantly associated with overall life satisfaction, life satisfaction in specific domains, and morale. Higher education was associated with psychological adjustment. Conclusion: Participating in a U3A contributes to high levels of subjective and psychological well-being. Elderly individuals of more advanced ages and men had higher rates of satisfaction with life and positive feelings. The elderly can assess their development trajectory, their commitment to society and consider their efforts in pursuing an ideal of personal excellence.


2015 ◽  
Vol 3 (1) ◽  
Author(s):  
Sudha Rathore ◽  
Arun Kumar ◽  
Akansha Gautam

The objective of the study was to find the impact of Life Satisfaction and Life Orientation on Psychological wellbeing of Doctors working at SMS Medical College and Jaipur Dental College. The sample for the study consisted of 112 Doctors aged between 32 to 55 years (Male=60 & Female=52). Scale of Life Satisfaction Test, Revised Life Orientation Test and Bradburn Scale of Psychological Well-Being were administered on the participants. Results showed that life orientation and life satisfaction was the significant predictors of Psychological well being among Doctors. Therefore the immediate implication of this study was to ensure that prevailing working environment should enhance positive orientation towards ones living and thus in turn enhance life satisfaction for their betterment.


2017 ◽  
Vol 57 (1) ◽  
pp. 48-58 ◽  
Author(s):  
Flóra Bergendiová ◽  
Dušana Čierna

SummaryLife satisfaction is the main goal that people try to achieve in their lives. This study aims to broaden the knowledge of overall life satisfaction of physically handicapped students performing sports. The Satisfaction with Life scale was used to assess the overall life satisfaction SWLS and Emotional Habitual Subjective Well-Being questionnaire SEHP. The research sample consisted of 25 physically handicapped students. Based on their performance in physical education and sport they were divided into 2 groups: regularly active in sports (36 %) and occasionally active in sports (64 %). The results showed at an interesting fact, 66 % of regularly active students in sports with a physical handicap were found on the high level of life satisfaction (44 %) and extremely high level of life satisfaction (22.2 %), comparing to occasionally active students in sports, who supported only 18.8 % of the particular category. 12.5 % of occasionally active students in sports feel physical vigour, mainly after coming from physiotherapy and after getting enough sleep. Regularly active peers in sports feel physical vigour while performing physical education and sports or after finishing the activity. His spare time is devoted to fitness activities, swimming, table tennis and shooting.


2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 654-655
Author(s):  
Timothy Goler ◽  
Tirth Bhatta

Abstract A substantial number of studies have documented paradoxical findings when examining race differences in later life psychological well-being. Despite experiencing significant structural disadvantages, Black older adults have been found to report significantly higher overall life satisfaction and lower depressive symptoms than White adults. This study relies on double consciousness framework which allows us to understand why satisfaction with material conditions (e.g., domain-specific life satisfaction) among Black older adults could differ from their evaluation of overall well-being (e.g., overall life satisfaction). Based on a survey of successful aging (n=409 aged 60 years or older) conducted by the Elderly Care Research Center (ECRC) in Cleveland, Ohio, we examined race differences in coping resources, and their role in shaping overall life satisfaction, domain-specific life satisfaction, and depressive symptoms. Findings show that Blacks on average have a higher likelihood of experiencing recent negative life events than their White counterparts. Despite adverse life circumstances, Blacks older adults expressed significantly higher overall life satisfaction than Whites. They, however, reported significantly lower domain-specific life satisfaction than their White counterparts. The differences in depressive symptoms between Black and White older adults was not statistically significant. The race differences in overall life satisfaction was explained by religiosity, religious coping, and social support. Education, income, and adverse life events were found to contribute to such differences in domain-specific life satisfaction. Our findings underscore the need to consider the unique role of racialized life course circumstances and coping resources in shaping disparities in later life psychological well-being.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S530-S530
Author(s):  
Judith Robertson R Phillips ◽  
Edith Jimenez ◽  
Heather Nicholson

Abstract Social capital such as positive relationships and social support play an important role in older adults’ well-being. Typically, researchers have investigated family and friends as providers of interpersonal resources to older adults but there has been an increasing trend to explore companion pets as providers of social capital and to investigate the impact of pet companionship on older adults’ psychological well-being. Inconsistencies have appeared in the literature though as to whether there is a “pet effect,” the positive benefit of companion pets on older adults’ psychological health. The purpose of this study was to investigate whether having a companion pet would provide greater social connection and better psychological well-being among 83 community-residing older adults (meanage = 62.87 years; males = 38; females = 45) who owned a companion pet, a dog (n= 53) , cat, (n= 21) or both (n= 9), versus 42 community-residing older adults (meanage = 65.69 years; males = 25; females = 17) who didn’t own companion pets. Analyses revealed that no “pet effect” was found for any measure of psychological well-being: self-reported loneliness, happiness, life satisfaction, or mental health. This was especially true for cat owners in that the more one viewed a cat as a family member, the lower one’s life satisfaction and happiness. In addition, as the number of cats in the household increased, the perceived social support from a significant other, family, and friends lowered. Discussion will focus on the implications of these results for pets as providers of social capital.


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