Premium
Factors influencing financial strain on elderly people who live alone in the U.S.A.
Author(s) -
LEE HEESOOK
Publication year - 1994
Publication title -
journal of consumer studies and home economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.775
H-Index - 71
eISSN - 1470-6431
pISSN - 0309-3891
DOI - 10.1111/j.1470-6431.1994.tb00699.x
Subject(s) - commission , commonwealth , gerontology , race (biology) , health insurance , finance , medicine , psychology , environmental health , business , economics , economic growth , political science , health care , sociology , gender studies , law
The purpose of this study is to investigate factors influencing financial strain experienced by elderly persons living alone. Data for this study were drawn from a national survey conducted by Louis Harris and Associates, Inc. in 1986 at the request of The Commonwealth Fund Commission on Elderly People Living Alone to obtain a picture of the resources, problems, needs and preferences of elderly Americans who live alone. For this study, a path model was tested by using multiple regressions. Demographic factors (gender, age and race) were statistically significant factors indirectly influencing financial strain through one economic factor (income) and one health‐related factor (physical limitations). Economic factors (income and health insurance coverage) and one health‐related factor (physical limitations) were statistically significant factors directly influencing financial strain.