Subjective financial well-being, income and health inequalities in mid and later life in Britain
The relationship between health and income is well established, but the link between subjective financial well-being and self-reported health has been relatively ignored. This study investigates the relationship between income, subjective financial well-being and health in mid-life and later life in Britain. Analysis of the General Household Survey for 2006 examined these relationships at ages 45–64 (n = 4639) and 65 and over (n = 3104). Logistic regression analysis was used to adjust for income and other socio-economic factors associated with self-reported health. Both income and subjective financial well-being are independently associated with health in mid-life; those with lower incomes and greater subjective financial difficulties had higher risk of reporting ‘less than good’ health. In contrast in later life, subjective financial well-being was associated with health, but the effect of income on health was mediated entirely through subjective financial well-being. The poorer health of the divorced/separated was also entirely mediated by differences in subjective financial well-being. Research on health inequalities should pay greater attention to the link between subjective financial hardship and ill-health, especially during periods of greater economic difficulties and financial austerity.
Volume (Year): 100 (2014)
Issue (Month): C ()
|Contact details of provider:|| Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/315/description#description|
|Order Information:|| Postal: http://www.elsevier.com/wps/find/supportfaq.cws_home/regional|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ettner, Susan L., 1996. "New evidence on the relationship between income and health," Journal of Health Economics, Elsevier, vol. 15(1), pages 67-85, February.
- Brown, R. L. & Prus, S. G., 2006. "Income Inequality over the Later-Life Course: a Comparative Analysis of Seven OECD Countries," Annals of Actuarial Science, Cambridge University Press, vol. 1(02), pages 307-317, September.
- Cheng, Y. H. & Chi, I. & Boey, K. W. & Ko, L. S. F. & Chou, K. L., 2002. "Self-rated economic condition and the health of elderly persons in Hong Kong," Social Science & Medicine, Elsevier, vol. 55(8), pages 1415-1424, October.
- Robert L. Brown & Steven G. Prus, 2006. "Income Inequality over the Later-Life Course: A Comparative Analysis of Seven OECD Countries," Social and Economic Dimensions of an Aging Population Research Papers 154, McMaster University.
- Manzoli, Lamberto & Villari, Paolo & M Pirone, Giovanni & Boccia, Antonio, 2007. "Marital status and mortality in the elderly: A systematic review and meta-analysis," Social Science & Medicine, Elsevier, vol. 64(1), pages 77-94, January.
- Szanton, Sarah L. & Thorpe, Roland J. & Whitfield, Keith, 2010. "Life-course financial strain and health in African-Americans," Social Science & Medicine, Elsevier, vol. 71(2), pages 259-265, July.
- Arber, Sara & Bote, Marcos & Meadows, Robert, 2009. "Gender and socio-economic patterning of self-reported sleep problems in Britain," Social Science & Medicine, Elsevier, vol. 68(2), pages 281-289, January.
- repec:mpr:mprres:6549 is not listed on IDEAS
- Sarah L. Szanton & Jerilyn K. Allen & Roland J. Thorpe & Teresa Seeman & Karen Bandeen-Roche & Linda P. Fried, 2008. "Effect of Financial Strain on Mortality in Community-Dwelling Older Women," Journals of Gerontology: Series B, Gerontological Society of America, vol. 63(6), pages 369-374.
- Dregan, Alex & Armstrong, David, 2009. "Age, cohort and period effects in the prevalence of sleep disturbances among older people: The impact of economic downturn," Social Science & Medicine, Elsevier, vol. 69(10), pages 1432-1438, November.
- McClements, L. D., 1977. "Equivalence scales for children," Journal of Public Economics, Elsevier, vol. 8(2), pages 191-210, October.
- Frederick J. Zimmerman & Wayne Katon, 2005. "Socioeconomic status, depression disparities, and financial strain: what lies behind the income-depression relationship?," Health Economics, John Wiley & Sons, Ltd., vol. 14(12), pages 1197-1215.
When requesting a correction, please mention this item's handle: RePEc:eee:socmed:v:100:y:2014:i:c:p:12-20. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)
If references are entirely missing, you can add them using this form.