IDEAS home Printed from https://ideas.repec.org/a/eee/socmed/v317y2023ics0277953622008784.html
   My bibliography  Save this article

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

Author

Listed:
  • Choi, Shinae L.
  • Lee, Yoon G.

Abstract

The purpose of this study was to investigate associations between financial hardship and change in emotional well-being—positive and negative affect—before to during the COVID-19 pandemic among middle-aged and older Americans and to examine the extent to which associations were moderated by internal coping resources—dispositional mastery and optimism.

Suggested Citation

  • 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).
  • Handle: RePEc:eee:socmed:v:317:y:2023:i:c:s0277953622008784
    DOI: 10.1016/j.socscimed.2022.115572
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0277953622008784
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.socscimed.2022.115572?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jolly Sahni, 2020. "Impact of COVID-19 on Employee Behavior: Stress and Coping Mechanism During WFH (Work From Home) Among Service Industry Employees," International Journal of Operations Management, Inovatus Services Ltd., vol. 1(1), pages 35-48, October.
    2. Shinae L. Choi & Erin R. Harrell & Kimberly Watkins, 2022. "The Impact of the COVID-19 Pandemic on Business Ownership Across Racial/Ethnic Groups and Gender," Journal of Economics, Race, and Policy, Springer, vol. 5(4), pages 307-317, December.
    3. Tajana Guberina & Ai Min Wang, 2021. "Entrepreneurial Leadership Impact on Job security and Psychological Well-being during the COVID-19 Pandemic: A conceptual review," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 6(6), pages 7-18, February.
    4. Karen L Fingerman & Yee To Ng & Shiyang Zhang & Katherine Britt & Gianna Colera & Kira S Birditt & Susan T Charles & Deborah S Carr, 2021. "Living Alone During COVID-19: Social Contact and Emotional Well-being Among Older Adults [COVID-19 and the consequences of isolating the elderly]," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 76(3), pages 116-121.
    5. Lindsay R. Wilkinson, 2016. "Financial Strain and Mental Health Among Older Adults During the Great Recession," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 71(4), pages 745-754.
    6. Miriam Verhage & Lucia Thielman & Lieke de Kock & Jolanda Lindenberg & Deborah S Carr, 2021. "Coping of Older Adults in Times of COVID-19: Considerations of Temporality Among Dutch Older Adults," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 76(7), pages 290-299.
    7. 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).
    8. Shinae L Choi & Eun Ha Namkung & Deborah Carr, 2022. "The Effect of Physical Limitations on Depressive Symptoms Over the Life Course: Is Optimism a Protective Buffer? [Changes in depressive symptoms over age among older Americans: Differences by gende," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 77(9), pages 1686-1698.
    9. JeongHee Yeo & Yoon G. Lee, 2019. "Understanding the Association Between Perceived Financial Well-Being and Life Satisfaction Among Older Adults: Does Social Capital Play a Role?," Journal of Family and Economic Issues, Springer, vol. 40(4), pages 592-608, December.
    10. Yaniv Hanoch & Jonathan Rolison & Alexandra M. Freund, 2019. "Reaping the Benefits and Avoiding the Risks: Unrealistic Optimism in the Health Domain," Risk Analysis, John Wiley & Sons, vol. 39(4), pages 792-804, April.
    11. JeongHee Yeo & Yoon G. Lee, 2019. "Correction to: Understanding the Association Between Perceived Financial Well-Being and Life Satisfaction Among Older Adults: Does Social Capital Play a Role?," Journal of Family and Economic Issues, Springer, vol. 40(4), pages 747-747, December.
    12. Shinae L Choi & Deborah Carr & Eun Ha Namkung, 2022. "Physical Disability and Older Adults’ Perceived Food and Economic Insecurity During the COVID-19 Pandemic," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 77(7), pages 123-133.
    13. Susanne Scheibe & Jessica De Bloom & Ton Modderman, 2022. "Resilience during Crisis and the Role of Age: Involuntary Telework during the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(3), pages 1-21, February.
    14. Miles G Taylor & Dawn C Carr & Kendra Jason & Jessica Kelley, 2022. "Financial Hardship and Psychological Resilience During COVID-19: Differences by Race/Ethnicity," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 77(7), pages 117-122.
    15. Thomas Hansen & Britt Slagsvold & Torbjørn Moum, 2008. "Financial Satisfaction in Old Age: A Satisfaction Paradox or a Result of Accumulated Wealth?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 89(2), pages 323-347, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tae‐Young Pak & Lu Fan, 2022. "Childhood experience of parental affection and financial well‐being in later life: Evidence from the Health and Retirement Study," Journal of Consumer Affairs, Wiley Blackwell, vol. 56(4), pages 1433-1453, December.
    2. Ifra Bashir & Ishtiaq Hussain Qureshi, 2023. "A Systematic Literature Review on Personal Financial Well-Being: The Link to Key Sustainable Development Goals 2030," FIIB Business Review, , vol. 12(1), pages 31-48, March.
    3. Melissa J. Wilmarth, 2021. "Financial and Economic Well-Being: A Decade Review from Journal of Family and Economic Issues," Journal of Family and Economic Issues, Springer, vol. 42(1), pages 124-130, July.
    4. Stephen Roll & Olga Kondratjeva & Sam Bufe & Michal Grinstein-Weiss & Stephanie Skees, 2022. "Assessing the Short-Term Stability of Financial Well-Being in Low- and Moderate-Income Households," Journal of Family and Economic Issues, Springer, vol. 43(1), pages 100-127, March.
    5. Yanghan Li & Tianyi Chen & Quan Li & Linxiu Jiang, 2023. "The Impact of Subjective Poverty on the Mental Health of the Elderly in China: The Mediating Role of Social Capital," IJERPH, MDPI, vol. 20(17), pages 1-18, August.
    6. Wenjun Li & Haiyan Sun & Wen Xu & Wenyuan Ma & Xin Yuan & Yaling Niu & Changgui Kou, 2021. "Individual Social Capital and Life Satisfaction among Mainland Chinese Adults: Based on the 2016 China Family Panel Studies," IJERPH, MDPI, vol. 18(2), pages 1-14, January.
    7. Wai Ming To & Jennifer H. Gao & Ernest Y. W. Leung, 2020. "The Effects of Job Insecurity on Employees’ Financial Well-Being and Work Satisfaction Among Chinese Pink-Collar Workers," SAGE Open, , vol. 10(4), pages 21582440209, December.
    8. Soomin Ryu & Lu Fan, 2023. "The Relationship Between Financial Worries and Psychological Distress Among U.S. Adults," Journal of Family and Economic Issues, Springer, vol. 44(1), pages 16-33, March.
    9. Castro, Damaris & Bleys, Brent, 2023. "Do people think they have enough? A subjective income sufficiency assessment," Ecological Economics, Elsevier, vol. 205(C).
    10. Chen, Fuzhong & Hsu, Chien-Lung & Lin, Arthur J. & Li, Haifeng, 2020. "Holding risky financial assets and subjective wellbeing: Empirical evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 54(C).
    11. Christian Kagerl & Julia Starzetz, 2023. "Working from home for good? Lessons learned from the COVID-19 pandemic and what this means for the future of work," Journal of Business Economics, Springer, vol. 93(1), pages 229-265, January.
    12. Gagandeep Kaur & Manjit Singh & Sanjay Gupta, 2023. "Analysis of key factors influencing individual financial well-being using ISM and MICMAC approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(2), pages 1533-1559, April.
    13. Fanny Salignac & Myra Hamilton & Jack Noone & Axelle Marjolin & Kristy Muir, 2020. "Conceptualizing Financial Wellbeing: An Ecological Life-Course Approach," Journal of Happiness Studies, Springer, vol. 21(5), pages 1581-1602, June.
    14. Brown, Sarah & Gray, Daniel, 2016. "Household finances and well-being in Australia: An empirical analysis of comparison effects," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 17-36.
    15. Liisa-Maria Palomäki, 2017. "Reference Groups and Pensioners’ Subjective Economic Well-Being in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(2), pages 509-525, March.
    16. Jing Xiao & Cheng Chen & Fuzhong Chen, 2014. "Consumer Financial Capability and Financial Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(1), pages 415-432, August.
    17. Dana A Glei & Noreen Goldman & Maxine Weinstein, 2019. "A growing socioeconomic divide: Effects of the Great Recession on perceived economic distress in the United States," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-24, April.
    18. Emily Brown Weida & Pam Phojanakong & Falguni Patel & Mariana Chilton, 2020. "Financial health as a measurable social determinant of health," PLOS ONE, Public Library of Science, vol. 15(5), pages 1-14, May.
    19. Alberto Prati & Charlotte Saucet, 2024. "The causal effect of a health treatment on beliefs, stated preferences and memories," Economics Series Working Papers 1031, University of Oxford, Department of Economics.
    20. Liisa-Maria Palomäki, 2019. "Does It Matter How You Retire? Old-Age Retirement Routes and Subjective Economic Well-Being," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(2), pages 733-751, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:socmed:v:317:y:2023:i:c:s0277953622008784. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/315/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.