ERIC Number: EJ696017
Record Type: Journal
Publication Date: 2004-May
Reference Count: N/A
Income and Financial Satisfaction among Older Adults in the United States
Social Indicators Research, v66 n3 p249 May 2004
Using data from the General Social Surveys, this study compares the effects of different income variables on financial satisfaction among people age 65 and above in the United States. Results suggest that simply using household income as a variable without any adjustment does not capture the real effect of income on financial satisfaction. Income equivalence scales and per-capita income are better income predictors of financial satisfaction than family income. Given the fact that it is not uncommon in financial satisfaction as well as subjective well-being research to use the family income variable without adjustment, findings regarding the effect of income from those studies should be interpreted with caution.
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Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: United States