Journal article
Does financial inclusion predict a lower risk of loneliness in later life? Evidence from the AgeHeaPsyWel-HeaSeeB study 2016-2017
Aging & mental health, Vol.25(7), pp.1254-1261
03/07/2021
PMID: 32597193
Metrics
40 Record Views
UN Sustainable Development Goals (SDGs)
This output has contributed to the advancement of the following goals:
Source: InCites
Abstract
Objective
For many older people, loneliness represents a common source of impaired quality of life particularly in the context of poor access to financial services. This article examines the association between financial inclusion and loneliness in older adults and explores the moderating effects of gender and physical activity in this association.
Methods
One thousand two-hundred participants completed the Short Form Revised UCLA Loneliness Scale assessing loneliness during 2016–2017 Aging, Health, Psychological Well-being and Health-seeking Behavior (AgeHeaPsyWel-HeaSeeB) Study. Financial inclusion was assessed using an 8-item Financial Instrument Scale.
Results
Multiple ordinary least squares (OLS) regressions showed that increases in financial inclusion were associated with decreases in loneliness in the total sample (β = −0.679, p < 0.001) and in women (β = −0.787, p < 0.001) but not in men (β = −0.594, p = 0.084). The negative effect of financial inclusion on loneliness was pronounced among those who engaged in physical activity (β = −0.646, p < 0.042).
Conclusions
Findings underscore the importance of financial inclusion for loneliness in later life particularly among older women and those who engage in physical activity. Encouraging and strengthening financial inclusion may crucially improve psychological health and emotional well-being among aging adults.
Details
- Title
- Does financial inclusion predict a lower risk of loneliness in later life? Evidence from the AgeHeaPsyWel-HeaSeeB study 2016-2017
- Creators
- Razak M. Gyasi - African Population and Health Research CenterAnokye M. Adam - University of Cape Coast
- Publication Details
- Aging & mental health, Vol.25(7), pp.1254-1261
- Publisher
- Taylor & Francis
- Number of pages
- 8
- Grant note
- RPG1129310 / Lingnan University, Hong Kong
- Identifiers
- 991013035760502368
- Copyright
- (C) 2020 Informa UK Limited, trading as Taylor & Francis Group
- Academic Unit
- National Centre for Naturopathic Medicine
- Language
- English
- Resource Type
- Journal article