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P121 Financial Wellbeing and Multigenerational Caregiving Responsibilities: Insights from a recent survey of US adults
Short Description
This paper presents the results of a new national survey of US adults (n=812) that identify as having multi-generational caregiving responsibilities, including those more complex than captured by many extant definitions used in federal surveys. We find that respondents with multigenerational caregiving responsibilities are much more likely to report low levels of financial wellbeing than the general US population, including 15 percentage points more likely to characterize the quality of their financial life as “worse than expected.” We also find this assessment among caregivers varies considerably by gender, with female identifying caregivers much more likely to report low financial wellbeing compared to male identifying caregivers. Finally, we employ an abbreviated form of a validated scale measuring independent/interdependent self-construal (Singelis, 1994) to investigate whether an interdependent personal orientation may be related to a caregiver’s subjective assessment of their financial wellbeing and self-efficacy.
Type of presentation
Accepted Poster Presentation