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Subjective financial well-being, income and health inequalities in mid and later life in Britain

Arber, SL, Fenn, K and Meadows, R (2014) Subjective financial well-being, income and health inequalities in mid and later life in Britain Social Science and Medicine, 100. pp. 12-20.

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Abstract

The relationship between health and income is well established, but the link between subjective financial wellbeing and self-assessed health has been relatively ignored. This study investigates the relationship between health, subjective financial wellbeing and income 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 socioeconomic factors linked to self-assessed health. Both income and subjective financial wellbeing 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 wellbeing was associated with health, but the effect of income on health was mediated entirely through subjective financial wellbeing. The poorer health of the divorced/separated was also mediated entirely by differences in subjective financial wellbeing. 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.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > Department of Sociology
Authors :
AuthorsEmailORCID
Arber, SLUNSPECIFIEDUNSPECIFIED
Fenn, KUNSPECIFIEDUNSPECIFIED
Meadows, RUNSPECIFIEDUNSPECIFIED
Date : 1 January 2014
Identification Number : 10.1016/j.socscimed.2013.10.016
Related URLs :
Additional Information : NOTICE: this is the author’s version of a work that was accepted for publication in Social Science and Medicine. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Social Science and Medicine, 100, January 2014, DOI 10.1016/j.socscimed.2013.10.016.
Depositing User : Symplectic Elements
Date Deposited : 29 Oct 2014 12:31
Last Modified : 31 Oct 2014 14:33
URI: http://epubs.surrey.ac.uk/id/eprint/804264

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