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The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being
Nineteen percent (13 million) older adults have incomes below 150% of the Federal Poverty Level, leaving them with limited means to afford basic living expenses. Public benefits can help bridge the gap allowing older adults to afford food, home energy, and health expenses. There are studies demonstr...
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Formato: | Online Artículo Texto |
Lenguaje: | English |
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Oxford University Press
2020
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Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7741596/ http://dx.doi.org/10.1093/geroni/igaa057.2601 |
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author | Popham, Lauren |
author_facet | Popham, Lauren |
author_sort | Popham, Lauren |
collection | PubMed |
description | Nineteen percent (13 million) older adults have incomes below 150% of the Federal Poverty Level, leaving them with limited means to afford basic living expenses. Public benefits can help bridge the gap allowing older adults to afford food, home energy, and health expenses. There are studies demonstrating the positive health outcomes associated with public benefits in older adults. It remains unclear how benefits may also improve subjective measures of well-being in older adults. To examine this question, baseline measures of well-being including the CFPB Financial Well-Being Scale were administered to older adults before they enrolled in benefits and again six months after receiving benefits to examine changes in well-being as a result of accessing benefits to help ease some of their financial burdens. Results revealed that older adults experience subjective, psychological improvements from benefits. These findings have implications for the social and behavioral determinants of health in older adults. |
format | Online Article Text |
id | pubmed-7741596 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2020 |
publisher | Oxford University Press |
record_format | MEDLINE/PubMed |
spelling | pubmed-77415962020-12-21 The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being Popham, Lauren Innov Aging Abstracts Nineteen percent (13 million) older adults have incomes below 150% of the Federal Poverty Level, leaving them with limited means to afford basic living expenses. Public benefits can help bridge the gap allowing older adults to afford food, home energy, and health expenses. There are studies demonstrating the positive health outcomes associated with public benefits in older adults. It remains unclear how benefits may also improve subjective measures of well-being in older adults. To examine this question, baseline measures of well-being including the CFPB Financial Well-Being Scale were administered to older adults before they enrolled in benefits and again six months after receiving benefits to examine changes in well-being as a result of accessing benefits to help ease some of their financial burdens. Results revealed that older adults experience subjective, psychological improvements from benefits. These findings have implications for the social and behavioral determinants of health in older adults. Oxford University Press 2020-12-16 /pmc/articles/PMC7741596/ http://dx.doi.org/10.1093/geroni/igaa057.2601 Text en © The Author(s) 2020. Published by Oxford University Press on behalf of The Gerontological Society of America. http://creativecommons.org/licenses/by/4.0/ This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted reuse, distribution, and reproduction in any medium, provided the original work is properly cited. |
spellingShingle | Abstracts Popham, Lauren The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being |
title | The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being |
title_full | The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being |
title_fullStr | The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being |
title_full_unstemmed | The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being |
title_short | The Impact of Public Benefits on Low-Income Older Adults’ Financial Well-Being |
title_sort | impact of public benefits on low-income older adults’ financial well-being |
topic | Abstracts |
url | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7741596/ http://dx.doi.org/10.1093/geroni/igaa057.2601 |
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