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Corvinus

An Empirical Investigation of the Subjective Financial Well-Being and Life Satisfaction of Older Adults in Vietnam

Thanh Giang, Long and Nguyen, Tue Dang (2022) An Empirical Investigation of the Subjective Financial Well-Being and Life Satisfaction of Older Adults in Vietnam. Corvinus Journal of Sociology and Social Policy, 13 (1). pp. 25-48. DOI https://doi.org/10.14267/CJSSP.2022.1.2

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Official URL: https://doi.org/10.14267/CJSSP.2022.1.2


Abstract

This research examined factors predicting the financial well-being of older people and how financial well-being was associated with life satisfaction among older adults in Vietnam using a national survey. We found that income, assets, health status, and demographic factors were significantly associated with older adults’ financial well-being. The results also revealed that, for older adults, subjective financial well-being was positively associated with life satisfaction, but among the objective financial well-being indicators only the number of assets was directly related to life satisfaction. On the other hand, income might be indirectly related to life satisfaction through subjective financial well-being. The results were consistent across various measures of subjective financial well-being.

Item Type:Article
Uncontrolled Keywords:life satisfaction, subjective financial well-being, objective financial well-being, older adults, Vietnam
Subjects:Sociology
DOI:https://doi.org/10.14267/CJSSP.2022.1.2
ID Code:7689
Deposited By: Veronika Vitéz
Deposited On:07 Nov 2022 12:44
Last Modified:07 Nov 2022 12:44

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