Journal article

The global financial crisis and psychological health in a sample of Australian older adults: A longitudinal study

Kerry Sargent-Cox, Peter Butterworth, Kaarin J Anstey

Social Science & Medicine | PERGAMON-ELSEVIER SCIENCE LTD | Published : 2011

Abstract

Economic stress and uncertainty is argued to increase older adults' vulnerability to physical health decline and mental distress. Nevertheless, there is a paucity of research that examines the relationship between a large historical economic event, such as the recent global financial crisis (GFC), and health outcomes for older adults. This study provides a unique opportunity to compare self-reported health status and psychological functioning (number of depression and anxiety symptoms) in 1973 older Australian adults (mean age of 66.58 years (SD = 1.5)) prior to the GFC (2005-2006), with their status four years later during the GFC period (2009-2010). Latent difference score models revealed ..

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