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Responses to Financial Loss During the Great Recession: An Examination of Sense of Control in Late Midlife

Author

Listed:
  • Shannon T. Mejía
  • Richard A. Settersten
  • Michelle C. Odden
  • Karen Hooker

Abstract

Objectives. The "Great Recession" shocked the primary institutions that help individuals and families meet their needs and plan for the future. This study examines middle-aged adults’ experiences of financial loss and considers how socioeconomic and interpersonal resources facilitate or hinder maintaining a sense of control in the face of economic uncertainty.

Suggested Citation

  • Shannon T. Mejía & Richard A. Settersten & Michelle C. Odden & Karen Hooker, 2016. "Responses to Financial Loss During the Great Recession: An Examination of Sense of Control in Late Midlife," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 71(4), pages 734-744.
    • Handle: RePEc:oup:geronb:v:71:y:2016:i:4:p:734-744.
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    File URL: http://hdl.handle.net/10.1093/geronb/gbv054
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    2. Rajashri Chakrabarti & Donghoon Lee & Wilbert van der Klaauw & Basit Zafar, 2013. "Household Debt and Saving during the 2007 Recession," NBER Chapters, in: Measuring Wealth and Financial Intermediation and Their Links to the Real Economy, pages 273-322, National Bureau of Economic Research, Inc.
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    6. Farber, Henry S, 2011. "Job Loss in the Great Recession: Historical Perspective from the Displaced Workers Survey, 1984-2010," IZA Discussion Papers 5696, Institute of Labor Economics (IZA).
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    Cited by:

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