The effects of multidimensional poverty on life satisfaction among older adults in Hong Kong

Alex Yue Feng ZHU, Kee Lee CHOU

Research output: Contribution to journalArticlespeer-review

Abstract

Poverty indicators such as income-based poverty, material deprivation, asset-based poverty, and expenditure-based poverty each carries an aspect of economic deprivation. This current study examined and compared the unique effects of each poverty dimension on life satisfaction during old age. We measured four poverty indicators—life satisfaction, social resources, physical health, and mental well-being—in a three-wave sample of older Hong Kong adults (N = 563). Panel data were fitted to a structural model that involved the constraints of the path coefficients (e.g., effects of poverty indicators on life satisfaction). The model results indicate that while material deprivation and asset-based poverty reduce life satisfaction, income-based poverty and expenditure-based poverty do not significantly shape life satisfaction. Based on these findings, we suggest implementing future-oriented interventions into policy agendas to promote current working adults’ financial preparation for retirement to reduce their risk of falling into asset-based poverty and thus material deprivation after retirement. Copyright © 2022 The Author(s).
Original languageEnglish
JournalJournal of Applied Gerontology
Early online dateNov 2022
DOIs
Publication statusE-pub ahead of print - Nov 2022

Citation

Zhu, A. Y. F., & Chou, K. L. (2022). The effects of multidimensional poverty on life satisfaction among older adults in Hong Kong. Journal of Applied Gerontology. Advance online publication. doi: 10.1177/07334648221141410

Keywords

  • Material deprivation
  • Income-based poverty
  • Expenditure-based poverty
  • Asset-based poverty
  • Life satisfaction
  • Older adults

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