Financial Support and Life Satisfaction in Middle-Aged Adults
Author Information
Author(s): Cho Hyeonji, Chin Meejung, García Catherine
Primary Institution: Syracuse University
Hypothesis
The financial support patterns of middle-aged adults influence their life and family relationship satisfaction.
Conclusion
Middle-aged adults in Korea who support both their parents and children report higher life satisfaction compared to those who support only one group or neither.
Supporting Evidence
- Group (a) was more satisfied than group (b) with a B value of -0.09.
- Group (a) was more satisfied than group (c) with a B value of -0.16.
- Group (a) was more satisfied in their family relations than group (c) with a B value of -0.14.
- Group (a) was more satisfied in their family relations than group (d) with a B value of -0.14.
Takeaway
If you help both your parents and kids, you might feel happier than if you only help one or none.
Methodology
Linear regression analyses were conducted to examine the association between financial support groups and life satisfaction indicators.
Participant Demographics
Middle-aged householders aged 40-64, all of whom have at least one living parent and co-reside with at least one child.
Statistical Information
P-Value
p=.031, p<.001, p=.002, p=.046
Statistical Significance
p<0.05
Digital Object Identifier (DOI)
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