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Negative financial shock increases loneliness in older adults, 2006–2016: Reduced effect during the Great Recession (2008–2010)

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  • Hawkley, Louise C.
  • Zheng, Boyan
  • Song, Xi

Abstract

•In older adults, a large loss of income leads to greater loneliness net of covariates.•Loneliness decreased in those who experienced income shock during the Great Recession.•Changes in health and social experiences did not explain the income shock effect.•Reducing financial difficulties may reduce loneliness in older adults.

Suggested Citation

  • Hawkley, Louise C. & Zheng, Boyan & Song, Xi, 2020. "Negative financial shock increases loneliness in older adults, 2006–2016: Reduced effect during the Great Recession (2008–2010)," Social Science & Medicine, Elsevier, vol. 255(C).
    • Handle: RePEc:eee:socmed:v:255:y:2020:i:c:s0277953620302197
    DOI: 10.1016/j.socscimed.2020.113000
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    1. Compernolle, Ellen L. & Finch, Laura E. & Hawkley, Louise C. & Cagney, Kate A., 2022. "Home alone together: Differential links between momentary contexts and real-time loneliness among older adults from Chicago during versus before the COVID-19 pandemic," Social Science & Medicine, Elsevier, vol. 299(C).
    2. Choi, Shinae L. & Lee, Yoon G., 2023. "Financial hardship and change in emotional well-being before to during COVID-19 pandemic among middle-aged and older Americans: Moderating effects of internal coping resources," Social Science & Medicine, Elsevier, vol. 317(C).
    3. Barjaková, Martina & Garnero, Andrea & d’Hombres, Béatrice, 2023. "Risk factors for loneliness: A literature review," Social Science & Medicine, Elsevier, vol. 334(C).

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