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Financial strain, economic values, and somatic symptoms in later life
1Department of Health Behavior and Health Education, School of Public Health, University of Michigan.
Abstract:
The purpose of this study was to evaluate whether the impact of financial strain on psychological distress depends on the value that older adults place on economic success. Feelings of personal control were specified as an intervening variable in this process. The data came from a nationwide survey of 819 people in Canada who were 55 years of age and older. The findings reveal that financial problems are associated with diminished feelings of control and that these effects are stronger when elderly people value economic achievement highly. In addition, financial strain and diminished feelings of control are related to increased distress regardless of how highly economic success is valued.