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F4a Immigrant status and the severity of financial vulnerability in households with older adults
Short Description
The purpose of this study is to analyze differences in self-reported financial vulnerability among older adults by immigrant status. Overall, foreign-born Hispanic males have lower anxiety frequency related to day-to-day financial decisions than both U.S. born Hispanic males and foreign-born White males. However, foreign-born respondents have higher odds of being “very worried” about losing financial freedom when compared to US-born respondents who are “not worried” or “somewhat worried” about losing financial freedom. More specifically, foreign-born White males or foreign-born Hispanic females have 267.8% and 471.9% higher odds of being “very worried” about losing financial freedom than U.S.-born White males or U.S.-born Hispanic females who are “not worried” or “somewhat worried” about losing financial freedom, respectively. Finally, foreign-born respondents are more likely to have higher frequencies of being talked into spending or donating when compared to US-born respondents. In particular, foreign-born Hispanic females have 211.7% higher odds of having higher frequencies of being talked into spending or donating money when they initially did not want to than U.S.-born Hispanic females.
Type of presentation
Accepted Oral Presentation