Older adults and financial bequests.

TitleOlder adults and financial bequests.
Publication TypeJournal Article
Year of Publication2000
AuthorsGoetting, MA, Martin, P, Johnson, C
JournalInt J Aging Hum Dev
Date Published2000
ISSN Number0091-4150
Call Numberwp_2000/Goetting.pdf
KeywordsActivities of Daily Living, Age Factors, Aged, Aged, 80 and over, Aging, Attitude, Female, Health Care Costs, Health Status, Humans, Male, Mental Health, Michigan, Models, Economic, Sampling Studies, Sex Factors, Socioeconomic factors, Spouses, Surveys and Questionnaires, Wills

Using data from Aging and Health Dynamics (AHEAD), this research investigated a model predicting an older adult's assessment regarding the chances (from 0 to 100) of leaving a financial bequest. Structural equation modeling analyses revealed three significant predictors of a high assessment (i.e., older age, high sense of control, and high socioeconomic status) and three predictors of a low assessment (i.e., race, physical health problems, and assessment of the chances of medical expenses depleting savings). Whites had higher financial bequests assessments than non-Whites. Physical health problems and the depleting savings assessment exerted negative effects on the financial bequest assessment. Marital status and negative psychological functioning exerted indirect effects through sense of control and through the depleting savings assessment.

User Guide Notes


Endnote Keywords

Racial Differences Bequests/Inheritance

Endnote ID


Alternate JournalInt J Aging Hum Dev
Citation Key6724
PubMed ID10987344