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Identifying Cost-Burdened Older Adults: What Is the Best Measure?

While affordable housing typically describes housing costs that fall within 30 percent of total income, older adult spending systematically differs from younger cohorts. For instance, budgets may skew away from mortgages and towards home modifications while medical or personal care expenses can driv...

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Detalles Bibliográficos
Autores principales: Scheckler, Samara, Mawhorter, Sarah, Molinsky, Jennifer, Hermann, Alex, Airgood-Obrycki, Whitney
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Oxford University Press 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7743186/
http://dx.doi.org/10.1093/geroni/igaa057.2416
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author Scheckler, Samara
Mawhorter, Sarah
Molinsky, Jennifer
Hermann, Alex
Airgood-Obrycki, Whitney
author_facet Scheckler, Samara
Mawhorter, Sarah
Molinsky, Jennifer
Hermann, Alex
Airgood-Obrycki, Whitney
author_sort Scheckler, Samara
collection PubMed
description While affordable housing typically describes housing costs that fall within 30 percent of total income, older adult spending systematically differs from younger cohorts. For instance, budgets may skew away from mortgages and towards home modifications while medical or personal care expenses can drive monthly costs. This research uses the Health and Retirement Study (HRS) to explore various older adult housing cost burden measures and identify their relative advantages. Measures of cost burden are applied to HRS respondents and different cost burdened groups are defined. The welfare of each group is then assessed using metrics such as unmet need and caregiver stress. Findings suggest that traditional cost burden measures identify many vulnerable older adults. However, other measures of cost burden can highlight older adults who are disproportionately impacted by medical cost. This research should help professionals better align the metric that defines their target population members with their policy area.
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spelling pubmed-77431862020-12-21 Identifying Cost-Burdened Older Adults: What Is the Best Measure? Scheckler, Samara Mawhorter, Sarah Molinsky, Jennifer Hermann, Alex Airgood-Obrycki, Whitney Innov Aging Abstracts While affordable housing typically describes housing costs that fall within 30 percent of total income, older adult spending systematically differs from younger cohorts. For instance, budgets may skew away from mortgages and towards home modifications while medical or personal care expenses can drive monthly costs. This research uses the Health and Retirement Study (HRS) to explore various older adult housing cost burden measures and identify their relative advantages. Measures of cost burden are applied to HRS respondents and different cost burdened groups are defined. The welfare of each group is then assessed using metrics such as unmet need and caregiver stress. Findings suggest that traditional cost burden measures identify many vulnerable older adults. However, other measures of cost burden can highlight older adults who are disproportionately impacted by medical cost. This research should help professionals better align the metric that defines their target population members with their policy area. Oxford University Press 2020-12-16 /pmc/articles/PMC7743186/ http://dx.doi.org/10.1093/geroni/igaa057.2416 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
Scheckler, Samara
Mawhorter, Sarah
Molinsky, Jennifer
Hermann, Alex
Airgood-Obrycki, Whitney
Identifying Cost-Burdened Older Adults: What Is the Best Measure?
title Identifying Cost-Burdened Older Adults: What Is the Best Measure?
title_full Identifying Cost-Burdened Older Adults: What Is the Best Measure?
title_fullStr Identifying Cost-Burdened Older Adults: What Is the Best Measure?
title_full_unstemmed Identifying Cost-Burdened Older Adults: What Is the Best Measure?
title_short Identifying Cost-Burdened Older Adults: What Is the Best Measure?
title_sort identifying cost-burdened older adults: what is the best measure?
topic Abstracts
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7743186/
http://dx.doi.org/10.1093/geroni/igaa057.2416
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