Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession
Stressful life events such as a recession, could be devastating on a macro and micro level. Although there have been a number of articles written examining the health effects of the recession, little is known about age differences in the relationship between financial stressors and health pre and po...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2022-06-01
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| Series: | SSM: Population Health |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352827322000817 |
| _version_ | 1811244817990025216 |
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| author | Gillian L. Marshall Bailey Ingraham Jasmine Major Eva Kahana Kim Stansbury |
| author_facet | Gillian L. Marshall Bailey Ingraham Jasmine Major Eva Kahana Kim Stansbury |
| author_sort | Gillian L. Marshall |
| collection | DOAJ |
| description | Stressful life events such as a recession, could be devastating on a macro and micro level. Although there have been a number of articles written examining the health effects of the recession, little is known about age differences in the relationship between financial stressors and health pre and post the 2008 recession. Using the Health and Retirement study, we investigated the relationship between two forms of financial hardships, mental and physical health among middle aged (N = 4403) and older adults) (N = 2709). Our findings indicate that with regard to financial hardships experienced pre/post recessionary periods there are differences by age. Specifically, older adults tend to report having less financial hardship than their younger counterparts. Additionally, reduced medication use due to costs was a significant predictor of poor self-rated health among middle aged participants compared to older adults. These results highlight the selective impact of recessions on certain age groups. They also suggests that economic recessions may also produce short-term procyclical health effects. Future research should focus on the relationship between other sources of financial hardship among middle-aged and older adults pre/post-recession at shorter time intervals. |
| first_indexed | 2024-04-12T14:31:26Z |
| format | Article |
| id | doaj.art-5244ece2646d4bfb96c0c926263a7b89 |
| institution | Directory Open Access Journal |
| issn | 2352-8273 |
| language | English |
| last_indexed | 2024-04-12T14:31:26Z |
| publishDate | 2022-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | SSM: Population Health |
| spelling | doaj.art-5244ece2646d4bfb96c0c926263a7b892022-12-22T03:29:16ZengElsevierSSM: Population Health2352-82732022-06-0118101102Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recessionGillian L. Marshall0Bailey Ingraham1Jasmine Major2Eva Kahana3Kim Stansbury4University of Washington, School of Social Work, 19000 Commerce Street, Tacoma, WA, 98202, USA; Corresponding author.Department of Health Services, University of Washington, School of Public Health, 1959 NE Pacific St., H-wing, Sixth Floor - Box 357660, Seattle, WA, 98195, USAElegy Counseling and Consulting, PLLC, Houston, TX, 77338, USACase Western Reserve University, Department of Sociology, Mather Memorial Hall Room 226, 10900 Euclid Avenue, Cleveland, OH, 44106-7124, USADirector Graduate Program, Department of Social Work, College of Humanities and Social Sciences, 106 Caldwell Hall – Campus Box 8101, Raleigh, NC, 27695-8101, USAStressful life events such as a recession, could be devastating on a macro and micro level. Although there have been a number of articles written examining the health effects of the recession, little is known about age differences in the relationship between financial stressors and health pre and post the 2008 recession. Using the Health and Retirement study, we investigated the relationship between two forms of financial hardships, mental and physical health among middle aged (N = 4403) and older adults) (N = 2709). Our findings indicate that with regard to financial hardships experienced pre/post recessionary periods there are differences by age. Specifically, older adults tend to report having less financial hardship than their younger counterparts. Additionally, reduced medication use due to costs was a significant predictor of poor self-rated health among middle aged participants compared to older adults. These results highlight the selective impact of recessions on certain age groups. They also suggests that economic recessions may also produce short-term procyclical health effects. Future research should focus on the relationship between other sources of financial hardship among middle-aged and older adults pre/post-recession at shorter time intervals.http://www.sciencedirect.com/science/article/pii/S2352827322000817 |
| spellingShingle | Gillian L. Marshall Bailey Ingraham Jasmine Major Eva Kahana Kim Stansbury Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession SSM: Population Health |
| title | Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession |
| title_full | Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession |
| title_fullStr | Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession |
| title_full_unstemmed | Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession |
| title_short | Modeling the impact of financial hardship and age on self-rated health and depressive symptoms pre/post the great recession |
| title_sort | modeling the impact of financial hardship and age on self rated health and depressive symptoms pre post the great recession |
| url | http://www.sciencedirect.com/science/article/pii/S2352827322000817 |
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