“…Consequently, sociodemographic factors such as age (50-59, 60-69, 70-79, 80þ), gender (man or woman), marital status (married and living together with spouse, registered partnership, married but living separated from spouse, never married, divorced or widowed), education attainment [the International Standard Classification of Education, version 1997 (ISCED-97) as available in the SHARE datasets], annual household income (logarithm), work status (retired, employed or self-employed, unemployed, permanently sick or disabled, homemaker and other) and country (Austria, Germany, Sweden, Netherlands, Spain, Italy, France, Denmark, Greece, Switzerland, Belgium, Israel, Czechia and Poland) were included in the analyses. Previous research has also corroborated the role of lifestyle factors for health in the short term, which can directly translate into the financial situation in the long term (Bialowolski et al, 2021c;Bouchery et al, 2011;Chou et al, 2003;Holtermann et al, 2012;Pierce et al, 1994;Pusztai et al, 2021). Therefore, indicators such as BMI (underweight, normal weight, overweight and obese), alcohol consumption (almost every day, five or six days a week, three or four days a week, once or twice a week, once or twice a month, less than once a month, not at all in the last 6 months), sport activity requiring a moderate level of energy (more than once a week, once a week, one to three times a month, hardly ever or never) and volunteering (yes or no) were thus controlled for in order to capture the confounding role of life style for financial resilience that extends beyond financial literacy.…”