Financial worry among older people: Who worries and why?

Journal of Aging Studies

Volumn 27, Issue 2, 2013, Pages 113-120

  Litwin, Howard ^a   Meir, Adi ^a  

^a HEBREW UNIVERSITY OF JERUSALEM   (Israel)

Author keywords

Financial concerns; Income adequacy; Israel; Long term care; Pension funds

Indexed keywords

EID: 84872397005     PISSN: 08904065     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jaging.2012.12.003     Document Type: Article

References (55)

1. Agree E.M., Freedman V.A. Incorporating assistive devices into community-based long-term care: An analysis of the potential for substitution and supplementation. Journal of Aging and Health 2000, 12(3):426-450. 10.1177/089826430001200307.
2. Ajzenstadt M., Rosenhek Z. Privatisation and new modes of state intervention: The long-term care programme in Israel. Journal of Social Policy 2000, 29(02):247-262.
3. Allen S.M., Foster A., Berg K. Receiving help at home: The interplay of human and technological assistance. Journals of Gerontology Series B: Psychological Sciences and Social Sciences 2001, 56(6):S374-S382.
4. Almenberg J., Save-Soderbergh J. Financial literacy and retirement planning in Sweden. Journal of Pension Economics & Finance 2011, 10(4):585-598. 10.1017/s1474747211000497.
5. Banks J. Cognitive function, financial literacy and financial outcomes at older ages: Introduction. The Economic Journal 2010, 120(548):F357-F362. 10.1111/j.1468-0297.2010.02393.x.
6. Basevitz P., Pushkar D., Chaikelson J., Conway M., Dalton C. Age-related differences in worry and related processes. International Journal of Aging & Human Development 2008, 66(4):283-305. 10.2190/AG.66.4.b.
7. Be'er S., Shnoor Y., Brodsky J. Selected findings regarding the elderly that immigrated from the Former Soviet Union since 1990, over time 2011, Myers-JDC-Brookdale Institute, Jerusalem, Israel.
8. Blomgren J., Martikainen P., Martelin T., Koskinen S. Determinants of home-based formal help in community-dwelling older people in Finland. European Journal of Ageing 2008, 5(4):335-347. 10.1007/s10433-008-0094-4.
9. Borkovec T.D., Robinson E., Pruzinsky T., Depree J.A. Preliminary exploration of worry - some characteristics and processes. Behaviour Research and Therapy 1983, 21(1):9-16.
10. Breheny M., Stephens C. Negotiating a moral identity in the context of later life care. Journal of Aging Studies 2012, 26(4):438-447. 10.1016/j.jaging.2012.06.003.
11. Brock K., Clemson L., Cant R., Ke L., Cumming R.G., Kendig H., et al. Worry in older community-residing adults. International Journal of Aging & Human Development 2011, 72(4):289-301.
12. Brosschot J.F., Gerin W., Thayer J.F. The perseverative cognition hypothesis: A review of worry, prolonged stress-related physiological activation, and health. Journal of Psychosomatic Research 2006, 60(2):113-124.
13. Calvo E., Williamson J.B. Old-age pension reform and modernization pathways: Lessons for China from Latin America. Journal of Aging Studies 2008, 22(1):74-87. 10.1016/j.jaging.2007.02.004.
14. CBS Table2.19: Population, by population group, religion, sex and age. Statistical abstract of Israel 2011 - No. 62 2011.
15. Department of Work, Pensions Pension Reform (Retrieved 06/11/2012, 2012, from). http://www.dwp.gov.uk/policy/pensions-reform/.
16. Doucet C., Ladouceur R., Freeston M.H., Dugas M.J. Worry themes and tendency to worry in older adults. Canadian Journal on Aging = Revue Canadienne Du Vieillissement 1998, 17(4):361-371. 10.1017/s0714980800012642.
17. D'Souza J.C., James M.L., Szafara K.L., Fries B.E. Hard times: The effects of financial strain on home care services use and participant outcomes in Michigan. Gerontologist 2009, 49(2):154-165. 10.1093/geront/gnp020.
18. Ekerdt D.J. Born to retire: The foreshortened life course. Gerontologist 2004, 44(1):3-9.
19. Ekerdt D.J., Hackney J.K. Workers' ignorance of retirement benefits. Gerontologist 2002, 42(4):543-551.
20. Gerrans P., Clark-Murphy M., Speelman C. Asset allocation and age effects in retirement savings choices. Accounting & Finance 2010, 50(2):301-319. 10.1111/j.1467-629X.2009.00330.x.
21. Hershey D.A., Henkens K., van Dalen H.P. What drives retirement income worries in Europe? A multilevel analysis. European Journal of Ageing 2010, 7(4):301-311. 10.1007/s10433-010-0167-z.
22. Hoglund M.W., Sadovsky R., Classie J. Engagement in life activities promotes healthy aging in men. Journal of Mens Health 2009, 6(4):354-365.
23. The Soviet man in an open society 1989, University Press of America, Lanham, Maryland. T.R. Horowitz (Ed.).
24. Hostetler A.J. Senior centers in the era of the "Third Age:" Country clubs, community centers, or something else?. Journal of Aging Studies 2011, 25(2):166-176. 10.1016/j.jaging.2010.08.021.
25. Keefe J.M., Fancey P. Financial compensation or home help services: Examining differences among program recipients. Canadian Journal on Aging = Revue Canadienne Du Vieillissement 1997, 16(2):254-278. 10.1017/s0714980800014343.
26. Knickman J.R., Snell E.K. The 2030 problem: Caring for aging baby boomers. Health Services Research 2002, 37(4):849-884. 10.1034/j.1600-0560.2002.56.x.
27. Krause N., Newsom J.T., Rook K.S. Financial strain, negative social interaction, and self-rated health: Evidence from two United States nationwide longitudinal surveys. Ageing and Society 2008, 28:1001-1023. 10.1017/s0144686x0800740x.
28. Lindesay J., Baillon S., Brugha T., Dennis M., Stewart R., Araya R., et al. Worry content across the lifespan: An analysis of 16- to 74-year-old participants in the British National Survey of Psychiatric Morbidity 2000. Psychological Medicine 2006, 36(11):1625-1633. 10.1017/s0033291706008439.
29. Litwin H. Social networks, ethnicity and public home-care utilisation. Ageing and Society 2004, 24:921-939. 10.1017/s0144686x04022491.
30. Litwin H. Social networks and well-being: A comparison of older people in Mediterranean and non-Mediterranean countries. Journals of Gerontology Series B: Psychological Sciences and Social Sciences 2009, 65(5):599-608. 10.1093/geronb/gbp104.
31. Litwin H., Leshem E. Late-life migration, work status, and survival: The case of older immigrants from the former Soviet Union in Israel. International Migration Review 2008, 42(4):903-925. 10.1111/j.1747-7379.2008.00152.x.
32. Litwin H., Sapir E. Forgone health care due to cost among older adults in European countries and in Israel. European Journal of Ageing 2009, 6(3):167-176. 10.1007/s10433-009-0126-8.
33. Litwin H., Sapir E. Perceived income adequacy among older adults in 12 countries: Findings from the Survey of Health, Ageing and Retirement in Europe. Gerontologist 2009, 49(3):397-406. 10.1093/geront/gnp036.
34. Litwin H., Achdut L., Youssim I. Who supports delayed retirement? A study of older workers in Israel. Journal of European Social Policy 2009, 19(3):245-257. 10.1177/0958928709104739.
35. Lusardi A., Mitchell O.S. Financial literacy around the world: An overview. Journal of Pension Economics & Finance 2011, 10(4):497-508. 10.1017/s1474747211000448.
36. Meyer T.J., Miller M.L., Metzger R.L., Borkovec T.D. Development and validation of the penn state worry questionnaire. Behaviour Research and Therapy 1990, 28(6):487-495.
37. Overy R.J. The dictators: Hitler's Germany and Stalin's Russia 2005, Penguin Books, London. 2 ed.
38. Owen A.L., Wu S. Financial shocks and worry about the future. Empirical Economics 2007, 33(3):515-530. 10.1007/s00181-006-0115-0.
39. Park N.S. The relationship of social engagement to psychological well-being of older adults in assisted living facilities. Journal of Applied Gerontology 2009, 28(4):461-481. 10.1177/0733464808328606.
40. Powers C.B., Wisocki P.A., Whitbourne S.K. Age differences and correlates of worrying in young and elderly adults. Gerontologist 1992, 32(1):82-88. 10.1093/geront/32.1.82.
41. Rios R., Zautra A.J. Socioeconomic disparities in pain: The role of economic hardship and daily financial worry. Health Psychology 2011, 30(1):58-66. 10.1037/a0022025.
42. Robinson K.M. Family caregiving: Who provides the care, and at what cost?. Nursing Economic$ 1997, 15(5):243-247.
43. Rowe J.W., Kahn R.L. Successful aging. Gerontologist 1997, 37(4):433-440.
44. Ruscio A.M., Borkovec T.D., Ruscio J. A taxometric investigation of the latent structure of worry. Journal of Abnormal Psychology 2001, 110(3):413-422. 10.1037/0021-843x.110.3.413.
45. Ryan L.H., Smith J., Antonucci T.C., Jackson J.S. Cohort differences in the availability of informal caregivers: Are the boomers at risk?. The Gerontologist 2012, 52(2):177-188. 10.1093/geront/gnr142.
46. Schwingel A., Niti M.M., Tang C., Ng T.P. Continued work employment and volunteerism and mental well-being of older adults: Singapore longitudinal ageing studies. Age and Ageing 2009, 38(5):531-537. 10.1093/ageing/afp089.
47. Semyonov M., Lewin-Epstein N. Wealth inequality: Ethnic disparities in Israeli society. Social Forces 2011, 89(3):935-959. 10.1353/sof.2011.0006.
48. Smith G.V., Ekerdt D.J. Confronting the material convoy in later life. Sociological Inquiry 2011, 81(3):377-391. 10.1111/j.1475-682X.2011.00378.x.
49. Tallis F., Davey G.C.L., Capuzzo N. The phenomenology of non-pathological worry: A preliminary investigation. Worrying: Perspectives on theory, assessment, and treatment 1994, 61-89. Wiley. G. Davey (Ed.).
50. Tallis F., Eysenck M., Mathews A. A questionnaire for the measurement of nonpathological worry. Personality and Individual Differences 1992, 13(2).
51. Weierich M.R., Kensinger E.A., Munnell A.H., Sass S.A., Dickerson B.C., Wright C.I., et al. Older and wiser? An affective science perspective on age-related challenges in financial decision making. Social Cognitive and Affective Neuroscience 2011, 6(2):195-206. 10.1093/scan/nsq056.
52. Widera E., Steenpass V., Marson D., Sudore R. Finances in the older patient with cognitive impairment "He didn't want me to take over". JAMA: The Journal of the American Medical Association 2011, 305(7):698-706. 10.1001/jama.2011.164.
53. Williamson J.B., Howling S.A., Maroto M.L. The political economy of pension reform in Russia: Why partial privatization?. Journal of Aging Studies 2006, 20(2):165-175.
54. Wisocki P.A. The experience of worry among the elderly. Worrying: Perspectives on theory, assessment, and treatment 1994, 247-261. Wiley. G. Davey (Ed.).
55. Zijlstra G.A.R., van Haastregt J.C.M., van Eijk J.T.M., de Witte L.P., Ambergen T., Kempen G.I.J.M. Mediating effects of psychosocial factors on concerns about falling and daily activity in a multicomponent cognitive behavioral group intervention. Aging & Mental Health 2010, 15(1):68-77. 10.1080/13607863.2010.501054.