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dc.contributor.authorTemple, JB
dc.contributor.authorWilliams, R
dc.date.accessioned2020-12-02T03:43:47Z
dc.date.available2020-12-02T03:43:47Z
dc.date.issued2018-06-01
dc.identifier.citationTemple, J. B. & Williams, R. (2018). Financial well-being of older Australians with multiple health conditions. AUSTRALASIAN JOURNAL ON AGEING, 37 (2), pp.127-134. https://doi.org/10.1111/ajag.12497.
dc.identifier.issn1440-6381
dc.identifier.urihttp://hdl.handle.net/11343/252738
dc.description.abstractOBJECTIVE: Given recent rises in out-of-pocket health expenses, we examined the financial well-being of older Australians with multiple health conditions and disabilities. METHODS: The 2014 General Social Survey was used to measure the: (i) current financial position; (ii) propensity to experience financial difficulties; and (iii) types of behaviours older people with multiple health conditions engage in to improve financial resilience. RESULTS: Compared to older Australians with no health conditions, respondents with multiple health conditions had lower incomes and assets and a higher propensity to hold consumer debt (once controls were included). They were at a higher risk of cash flow difficulties, dissaving to meet day-to-day living expenses and exclusion from financial providers. However, the majority of people with multiple health conditions engaged in financially resilient behaviours. CONCLUSION: Many older Australians with multiple health conditions were in a financially precarious situation with implications for the ability to afford ongoing increases in out-of-pocket health-care costs.
dc.languageEnglish
dc.publisherWILEY
dc.titleFinancial well-being of older Australians with multiple health conditions
dc.typeJournal Article
dc.identifier.doi10.1111/ajag.12497
melbourne.affiliation.departmentMelbourne School of Population and Global Health
melbourne.source.titleAustralasian Journal on Ageing
melbourne.source.volume37
melbourne.source.issue2
melbourne.source.pages127-134
melbourne.elementsid1305854
melbourne.openaccess.urlhttps://onlinelibrary.wiley.com/doi/am-pdf/10.1111/ajag.12497
melbourne.openaccess.statusAccepted version
melbourne.contributor.authorTemple, Jeromey
melbourne.contributor.authorWilliams, Ruth
dc.identifier.eissn1741-6612
melbourne.identifier.fundernameidUNIVERSITY OF NEW SOUTH WALES, CE1101029
melbourne.accessrightsOpen Access


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