Mattering and Self-Esteem as Bulwarks Against the Consequences of Financial Strain for Loneliness in Later Life: Differentiating Between- and Within-Person Processesopen access
- Authors
- Bierman, Alex; Upenieks, Laura; Lee, Yeonjung; Mehrabi, Fahimeh
- Issue Date
- Apr-2024
- Publisher
- SAGE PUBLICATIONS INC
- Keywords
- loneliness; financial strain; mattering; self-esteem
- Citation
- RESEARCH ON AGING, v.46, no.3-4, pp 241 - 257
- Pages
- 17
- Journal Title
- RESEARCH ON AGING
- Volume
- 46
- Number
- 3-4
- Start Page
- 241
- End Page
- 257
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/71919
- DOI
- 10.1177/01640275231221326
- ISSN
- 0164-0275
1552-7573
- Abstract
- 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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