ABSTRACT

Extant research offers limited understanding of the context in which economic resource and hardship at older ages are assessed. This study investigates the association between location-specific income security and hardship, and the moderating role of financial knowledge, using data from the Understanding America Study. We found that respondents with better location-specific income security were less likely to experience hardship and that financial knowledge strengthened the negative association between income security and hardship. Findings suggest that interventions to improve later-life financial knowledge may offer protection against hardship and that evaluations of later-life income adequacy may benefit from location-specific assessments of cost-of-living.

摘要

现有的研究对评估老年人的经济资源和困难的背景提供了有限的理解。本研究使用了解美国研究的数据，调查特定地点的收入安全与困难之间的关联，以及金融知识的调节作用。我们发现，具有更好的特定地点收入保障的受访者不太可能经历困难，而金融知识加强了收入保障与困难之间的负相关。研究结果表明，改善晚年财务知识的干预措施可能会提供对困难的保护，并且对晚年收入充足性的评估可能会受益于针对特定地点的生活成本评估。