Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study
Abstract Background This study examined the prospective association between financial-related discrimination and psychological well-being related measures and assessed the role of financial-related discrimination in explaining socioeconomic inequalities in psychological well-being related measures....
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| Format: | Article |
| Language: | English |
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BMC
2024-04-01
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| Series: | BMC Public Health |
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| Online Access: | https://doi.org/10.1186/s12889-024-18417-w |
| _version_ | 1797208982779068416 |
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| author | Lucy Bridson Eric Robinson I Gusti Ngurah Edi Putra |
| author_facet | Lucy Bridson Eric Robinson I Gusti Ngurah Edi Putra |
| author_sort | Lucy Bridson |
| collection | DOAJ |
| description | Abstract Background This study examined the prospective association between financial-related discrimination and psychological well-being related measures and assessed the role of financial-related discrimination in explaining socioeconomic inequalities in psychological well-being related measures. Methods Data of UK older adults (≥ 50 years) from the English Longitudinal Study of Ageing were used (baseline: Wave 5, 2010/2011; n = 8,988). The baseline total non-pension wealth (in tertiles: poorest, middle, richest) was used as a socioeconomic status (SES) measure. Financial-related discrimination at baseline was defined as participants who reported they had been discriminated against due to their financial status. Five psychological well-being related measures (depressive symptoms, enjoyment of life, eudemonic well-being, life satisfaction and loneliness) were examined prospectively across different follow-up periods (Waves 6, 2012/2013, 2-year follow-up; and 7, 2014/2015, 4-year follow-up). Regression models assessed associations between wealth, financial-related discrimination, and follow-up psychological measures, controlling for sociodemographic covariates and baseline psychological measures (for longitudinal associations). Mediation analysis informed how much (%) the association between wealth and psychological well-being related measures was explained by financial-related discrimination. Results Participants from the poorest, but not middle, (vs. richest) wealth groups were more likely to experience financial-related discrimination (OR = 1.97; 95%CI = 1.49, 2.59). The poorest (vs. richest) wealth was also longitudinally associated with increased depressive symptoms and decreased enjoyment of life, eudemonic well-being and life satisfaction in both 2-year and 4-year follow-ups, and increased loneliness at 4-year follow-up. Experiencing financial-related discrimination was longitudinally associated with greater depressive symptoms and loneliness, and lower enjoyment of life across follow-up periods. Findings from mediation analysis indicated that financial-related discrimination explained 3–8% of the longitudinal associations between wealth (poorest vs. richest) and psychological well-being related measures. Conclusions Financial-related discrimination is associated with worse psychological well-being and explains a small proportion of socioeconomic inequalities in psychological well-being. |
| first_indexed | 2024-04-24T09:47:28Z |
| format | Article |
| id | doaj.art-374785004b564e8c81d184440712d50f |
| institution | Directory Open Access Journal |
| issn | 1471-2458 |
| language | English |
| last_indexed | 2024-04-24T09:47:28Z |
| publishDate | 2024-04-01 |
| publisher | BMC |
| record_format | Article |
| series | BMC Public Health |
| spelling | doaj.art-374785004b564e8c81d184440712d50f2024-04-14T11:31:55ZengBMCBMC Public Health1471-24582024-04-0124111210.1186/s12889-024-18417-wFinancial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal studyLucy Bridson0Eric Robinson1I Gusti Ngurah Edi Putra2Department of Psychology, Institute of Population Health, University of LiverpoolDepartment of Psychology, Institute of Population Health, University of LiverpoolDepartment of Psychology, Institute of Population Health, University of LiverpoolAbstract Background This study examined the prospective association between financial-related discrimination and psychological well-being related measures and assessed the role of financial-related discrimination in explaining socioeconomic inequalities in psychological well-being related measures. Methods Data of UK older adults (≥ 50 years) from the English Longitudinal Study of Ageing were used (baseline: Wave 5, 2010/2011; n = 8,988). The baseline total non-pension wealth (in tertiles: poorest, middle, richest) was used as a socioeconomic status (SES) measure. Financial-related discrimination at baseline was defined as participants who reported they had been discriminated against due to their financial status. Five psychological well-being related measures (depressive symptoms, enjoyment of life, eudemonic well-being, life satisfaction and loneliness) were examined prospectively across different follow-up periods (Waves 6, 2012/2013, 2-year follow-up; and 7, 2014/2015, 4-year follow-up). Regression models assessed associations between wealth, financial-related discrimination, and follow-up psychological measures, controlling for sociodemographic covariates and baseline psychological measures (for longitudinal associations). Mediation analysis informed how much (%) the association between wealth and psychological well-being related measures was explained by financial-related discrimination. Results Participants from the poorest, but not middle, (vs. richest) wealth groups were more likely to experience financial-related discrimination (OR = 1.97; 95%CI = 1.49, 2.59). The poorest (vs. richest) wealth was also longitudinally associated with increased depressive symptoms and decreased enjoyment of life, eudemonic well-being and life satisfaction in both 2-year and 4-year follow-ups, and increased loneliness at 4-year follow-up. Experiencing financial-related discrimination was longitudinally associated with greater depressive symptoms and loneliness, and lower enjoyment of life across follow-up periods. Findings from mediation analysis indicated that financial-related discrimination explained 3–8% of the longitudinal associations between wealth (poorest vs. richest) and psychological well-being related measures. Conclusions Financial-related discrimination is associated with worse psychological well-being and explains a small proportion of socioeconomic inequalities in psychological well-being.https://doi.org/10.1186/s12889-024-18417-wFinancial-related discriminationStigmaMental healthSocioeconomic statusHealth inequalities |
| spellingShingle | Lucy Bridson Eric Robinson I Gusti Ngurah Edi Putra Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study BMC Public Health Financial-related discrimination Stigma Mental health Socioeconomic status Health inequalities |
| title | Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study |
| title_full | Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study |
| title_fullStr | Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study |
| title_full_unstemmed | Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study |
| title_short | Financial-related discrimination and socioeconomic inequalities in psychological well-being related measures: a longitudinal study |
| title_sort | financial related discrimination and socioeconomic inequalities in psychological well being related measures a longitudinal study |
| topic | Financial-related discrimination Stigma Mental health Socioeconomic status Health inequalities |
| url | https://doi.org/10.1186/s12889-024-18417-w |
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