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

TitleNegative financial shock increases loneliness in older adults, 2006–2016: Reduced effect during the Great Recession (2008–2010)
Publication TypeJournal Article
Year of Publication2020
AuthorsHawkley, LC, Zheng, B, Song, X
JournalSocial Science & Medicine
Volume255
ISBN Number0277-9536
Keywordsfinancial difficulties, Income shocks, Loneliness
Abstract

Highlights
• 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.
DOI10.1016/j.socscimed.2020.113000
Citation Key10904
PubMed ID32439199
PubMed Central IDPMC7310672