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2014 Conference

April 9–11, 2014

Intercontinental, Milwaukee, WI

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Examining the Effects of Financial Control and Constraints on Depressive Symptomatology Among Older Adults

Thursday, April 10, 2014 at 11:45 AM–12:45 PM Central Time (US & Canada)
Short Abstract

This research examined the relationship between financial constraints and depressive symptomatology among adults aged 50 and greater. We assessed the mediating effect of perceived control over one’s financial circumstances on this relationship. Ordinary least square regression models were estimated using data from the Health and Retirement Study. A sample of 5,384 respondents, who completed the Psychosocial Leave-Behind Participant Lifestyle Questionnaire in 2006 was analyzed. As an aggregated measure, financial constraints were positively associated with depression; this relationship was partially accounted for by the pathway of perceived control over one’s financial circumstances. When disaggregated as a measure, financial constraints at the individual level had a significant effect on depression, while financial constraints at the family and public levels did not have a significant effect. When added to the model, perceived control over one’s financial circumstances had a significant effect on depressive symptomatology and financial constraints remained significant at the individual level.

First & Corresponding Author

Martie Gillen, Ph.D., MBA, University of Florida

Add'l Authors In The Order To Be Printed

Karen A. Zurlo, Ph.D., Rutgers
Hyungsoo Kim, University of Kentucky