Relationship between financial well‐being, life satisfaction, and cognitive function among low‐income community‐dwelling older adults: the moderating role of sex
ABSTRACT Background Low financial well‐being is a common predicament among older adults living in poverty. The existing literature suggests a correlation between financial well‐being and mental health in old age. Therefore, this study aimed to identify the relationships among financial well‐being, l...
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| Veröffentlicht in: | Psychogeriatrics 2021-07, Vol.21 (4), p.586-595 |
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| container_title | Psychogeriatrics |
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| creator | Foong, Hui Foh Haron, Sharifah Azizah Koris, Roshanim Hamid, Tengku Aizan Ibrahim, Rahimah |
| description | ABSTRACT
Background
Low financial well‐being is a common predicament among older adults living in poverty. The existing literature suggests a correlation between financial well‐being and mental health in old age. Therefore, this study aimed to identify the relationships among financial well‐being, life satisfaction, and cognitive function among low‐income older adults and to examine the moderating effect of sex on these relationships.
Methods
This study involved 2004 nationally representative community‐dwelling older Malaysians from the bottom 40% household income group. Financial well‐being was assessed by the four‐item financial satisfaction scale, while life satisfaction was measured by the Satisfaction with Life Scale. Cognitive function was measured by using the Malay version of the Mini‐Mental State Examination. Hierarchical multiple regression was used as the prime method for statistical analysis.
Results
Financial well‐being was positively associated with life satisfaction and cognitive function. Sex moderated the relationship between financial well‐being and life satisfaction but not between financial well‐being and cognitive function.
Conclusions
Financial well‐being and life satisfaction were strongly correlated among older women, although no gender difference was found for the relationship between financial well‐being and cognitive function. It appears financial well‐being strongly predicts mental health. As such, poverty eradication initiatives targeting low‐income older adults should be implemented to sustain life satisfaction and cognitive function. |
| doi_str_mv | 10.1111/psyg.12709 |
| format | Article |
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Background
Low financial well‐being is a common predicament among older adults living in poverty. The existing literature suggests a correlation between financial well‐being and mental health in old age. Therefore, this study aimed to identify the relationships among financial well‐being, life satisfaction, and cognitive function among low‐income older adults and to examine the moderating effect of sex on these relationships.
Methods
This study involved 2004 nationally representative community‐dwelling older Malaysians from the bottom 40% household income group. Financial well‐being was assessed by the four‐item financial satisfaction scale, while life satisfaction was measured by the Satisfaction with Life Scale. Cognitive function was measured by using the Malay version of the Mini‐Mental State Examination. Hierarchical multiple regression was used as the prime method for statistical analysis.
Results
Financial well‐being was positively associated with life satisfaction and cognitive function. Sex moderated the relationship between financial well‐being and life satisfaction but not between financial well‐being and cognitive function.
Conclusions
Financial well‐being and life satisfaction were strongly correlated among older women, although no gender difference was found for the relationship between financial well‐being and cognitive function. It appears financial well‐being strongly predicts mental health. As such, poverty eradication initiatives targeting low‐income older adults should be implemented to sustain life satisfaction and cognitive function.</description><identifier>ISSN: 1346-3500</identifier><identifier>EISSN: 1479-8301</identifier><identifier>DOI: 10.1111/psyg.12709</identifier><identifier>PMID: 33969594</identifier><language>eng</language><publisher>Melbourne: John Wiley & Sons Australia, Ltd</publisher><subject>Cognitive ability ; cognitive function ; financial well‐being ; life satisfaction ; Mental health ; Older people ; poverty ; Statistical analysis ; Well being</subject><ispartof>Psychogeriatrics, 2021-07, Vol.21 (4), p.586-595</ispartof><rights>2021 Japanese Psychogeriatric Society.</rights><rights>Psychogeriatrics © 2021 Japanese Psychogeriatric Society</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3819-4b80e35520a15ac08e01012db8154e135e0273b7749ea1aecdd502a0f169db553</citedby><cites>FETCH-LOGICAL-c3819-4b80e35520a15ac08e01012db8154e135e0273b7749ea1aecdd502a0f169db553</cites><orcidid>0000-0002-3198-4212</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fpsyg.12709$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fpsyg.12709$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,776,780,1411,27901,27902,45550,45551</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/33969594$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Foong, Hui Foh</creatorcontrib><creatorcontrib>Haron, Sharifah Azizah</creatorcontrib><creatorcontrib>Koris, Roshanim</creatorcontrib><creatorcontrib>Hamid, Tengku Aizan</creatorcontrib><creatorcontrib>Ibrahim, Rahimah</creatorcontrib><title>Relationship between financial well‐being, life satisfaction, and cognitive function among low‐income community‐dwelling older adults: the moderating role of sex</title><title>Psychogeriatrics</title><addtitle>Psychogeriatrics</addtitle><description>ABSTRACT
Background
Low financial well‐being is a common predicament among older adults living in poverty. The existing literature suggests a correlation between financial well‐being and mental health in old age. Therefore, this study aimed to identify the relationships among financial well‐being, life satisfaction, and cognitive function among low‐income older adults and to examine the moderating effect of sex on these relationships.
Methods
This study involved 2004 nationally representative community‐dwelling older Malaysians from the bottom 40% household income group. Financial well‐being was assessed by the four‐item financial satisfaction scale, while life satisfaction was measured by the Satisfaction with Life Scale. Cognitive function was measured by using the Malay version of the Mini‐Mental State Examination. Hierarchical multiple regression was used as the prime method for statistical analysis.
Results
Financial well‐being was positively associated with life satisfaction and cognitive function. Sex moderated the relationship between financial well‐being and life satisfaction but not between financial well‐being and cognitive function.
Conclusions
Financial well‐being and life satisfaction were strongly correlated among older women, although no gender difference was found for the relationship between financial well‐being and cognitive function. It appears financial well‐being strongly predicts mental health. As such, poverty eradication initiatives targeting low‐income older adults should be implemented to sustain life satisfaction and cognitive function.</description><subject>Cognitive ability</subject><subject>cognitive function</subject><subject>financial well‐being</subject><subject>life satisfaction</subject><subject>Mental health</subject><subject>Older people</subject><subject>poverty</subject><subject>Statistical analysis</subject><subject>Well being</subject><issn>1346-3500</issn><issn>1479-8301</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><recordid>eNp9kc1u1DAQxy0EoqVw4QGQJS5V1ZTx1ybhVlWlRaoE4uPAKXKcydaVYy9xwrI3HoG34L14ks52CwcO-GJr_JvfjPRn7LmAE0Hn1SpvlidCllA_YPtCl3VRKRAP6a30olAGYI89yfkGQGqj1GO2p1S9qE2t99mvDxjs5FPM137FW5zWiJH3PtrovA18jSH8_vGzRR-Xxzz4HnkmPvfWbbuOuY0dd2kZ_eS_Ie_neFfndkhxyUNaU7OPLg1I1DDMxG2o1G29pOQpdDhy281hyq_5dI18SFShEfQ5poA89Tzj96fsUW9Dxmf39wH7_Ob809llcfXu4u3Z6VXhVCXqQrcVoDJGghXGOqgQBAjZtZUwGoUyCLJUbVnqGq2w6LrOgLTQi0XdtcaoA3a4867G9HXGPDWDz46WtRHTnBtppK5KqcqK0Jf_oDdpHiNtR5QuhapAAVFHO8qNKecR-2Y1-sGOm0ZAs42v2cbX3MVH8It75dwO2P1F_-RFgNgBax9w8x9V8_7jl4ud9BbX0qtR</recordid><startdate>202107</startdate><enddate>202107</enddate><creator>Foong, Hui Foh</creator><creator>Haron, Sharifah Azizah</creator><creator>Koris, Roshanim</creator><creator>Hamid, Tengku Aizan</creator><creator>Ibrahim, Rahimah</creator><general>John Wiley & Sons Australia, Ltd</general><general>Blackwell Publishing Ltd</general><scope>NPM</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7TK</scope><scope>7X8</scope><orcidid>https://orcid.org/0000-0002-3198-4212</orcidid></search><sort><creationdate>202107</creationdate><title>Relationship between financial well‐being, life satisfaction, and cognitive function among low‐income community‐dwelling older adults: the moderating role of sex</title><author>Foong, Hui Foh ; Haron, Sharifah Azizah ; Koris, Roshanim ; Hamid, Tengku Aizan ; Ibrahim, Rahimah</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3819-4b80e35520a15ac08e01012db8154e135e0273b7749ea1aecdd502a0f169db553</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Cognitive ability</topic><topic>cognitive function</topic><topic>financial well‐being</topic><topic>life satisfaction</topic><topic>Mental health</topic><topic>Older people</topic><topic>poverty</topic><topic>Statistical analysis</topic><topic>Well being</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Foong, Hui Foh</creatorcontrib><creatorcontrib>Haron, Sharifah Azizah</creatorcontrib><creatorcontrib>Koris, Roshanim</creatorcontrib><creatorcontrib>Hamid, Tengku Aizan</creatorcontrib><creatorcontrib>Ibrahim, Rahimah</creatorcontrib><collection>PubMed</collection><collection>CrossRef</collection><collection>Neurosciences Abstracts</collection><collection>MEDLINE - Academic</collection><jtitle>Psychogeriatrics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Foong, Hui Foh</au><au>Haron, Sharifah Azizah</au><au>Koris, Roshanim</au><au>Hamid, Tengku Aizan</au><au>Ibrahim, Rahimah</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Relationship between financial well‐being, life satisfaction, and cognitive function among low‐income community‐dwelling older adults: the moderating role of sex</atitle><jtitle>Psychogeriatrics</jtitle><addtitle>Psychogeriatrics</addtitle><date>2021-07</date><risdate>2021</risdate><volume>21</volume><issue>4</issue><spage>586</spage><epage>595</epage><pages>586-595</pages><issn>1346-3500</issn><eissn>1479-8301</eissn><abstract>ABSTRACT
Background
Low financial well‐being is a common predicament among older adults living in poverty. The existing literature suggests a correlation between financial well‐being and mental health in old age. Therefore, this study aimed to identify the relationships among financial well‐being, life satisfaction, and cognitive function among low‐income older adults and to examine the moderating effect of sex on these relationships.
Methods
This study involved 2004 nationally representative community‐dwelling older Malaysians from the bottom 40% household income group. Financial well‐being was assessed by the four‐item financial satisfaction scale, while life satisfaction was measured by the Satisfaction with Life Scale. Cognitive function was measured by using the Malay version of the Mini‐Mental State Examination. Hierarchical multiple regression was used as the prime method for statistical analysis.
Results
Financial well‐being was positively associated with life satisfaction and cognitive function. Sex moderated the relationship between financial well‐being and life satisfaction but not between financial well‐being and cognitive function.
Conclusions
Financial well‐being and life satisfaction were strongly correlated among older women, although no gender difference was found for the relationship between financial well‐being and cognitive function. It appears financial well‐being strongly predicts mental health. As such, poverty eradication initiatives targeting low‐income older adults should be implemented to sustain life satisfaction and cognitive function.</abstract><cop>Melbourne</cop><pub>John Wiley & Sons Australia, Ltd</pub><pmid>33969594</pmid><doi>10.1111/psyg.12709</doi><tpages>10</tpages><orcidid>https://orcid.org/0000-0002-3198-4212</orcidid></addata></record> |
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| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete |
| subjects | Cognitive ability cognitive function financial well‐being life satisfaction Mental health Older people poverty Statistical analysis Well being |
| title | Relationship between financial well‐being, life satisfaction, and cognitive function among low‐income community‐dwelling older adults: the moderating role of sex |
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