The intersection of race and financial strain: The pain of social disconnection among women in the United States

Bhatta, Tirth; Lekhak, Nirmala; Goler, Timothy; Kahana, Eva; Rathi, Sfurti

doi:10.1080/08952841.2022.2041154

Cited by 2 publications

(1 citation statement)

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“…Further degradations to the quality of social relationships may also emerge because older adults feel shame and embarrassment due to financial problems ( Chase & Walker, 2013 ; Inglis et al, 2019 ), and are consequently more guarded in social interactions and more reticent in seeking support. Arguments for the adverse effects of financial strain on loneliness are in turn supported by research showing that financial strain is associated with greater loneliness among older adults ( Bhatta et al, 2023 ; Drost et al, 2022 ; Lee & Bierman, 2019 ; Victor et al, 2021 ).…”

Section: Introductionmentioning

confidence: 99%

Mattering and Self-Esteem as Bulwarks Against the Consequences of Financial Strain for Loneliness in Later Life: Differentiating Between- and Within-Person Processes

Bierman,

Upenieks,

Lee

et al. 2023

Res Aging

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Financial strain likely constitutes a principal risk for loneliness in later-life, but a strong sense of mattering and self-esteem may mitigate these consequences by both offsetting and buffering the influence of financial strain. We test these arguments using data from a national longitudinal survey of older adults gathered between 2021 and 2022 ( N = 2384), as nations emerged from the COVID-19 pandemic. Application of a within-between modelling strategy facilitates differentiation of inter-individual (i.e., between-person) and intra-individual (i.e., within-person) factors. Between-person financial strain is associated with greater loneliness, but within- and between-person mattering and self-esteem offset this association by forestalling loneliness. Between-person mattering buffers between-person financial strain, but between-person self-esteem buffers within-person financial strain. Consequently, within-person financial strain is associated with greater loneliness only at low levels of between-person self-esteem. In summary, accruing a strong sense of worth contributes to protecting older adults from the adverse consequences of financial strain for loneliness.

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