When money and mental health problems pile up: The reciprocal relationship between income and psychological distress.

ABSTRACT:

Background

Longitudinal studies suggest that socioeconomic status (SES) and mental health have a bidirectional relationship such that SES declines lead to a deterioration of mental health (social causation), while worsening mental health leads to SES declines (social drift). However, the dynamic relationship between income and psychological distress has not been sufficiently studied.

Methods

We use cross-lagged panel models with unit fixed effects (FE-CLPM) and data from a five-wave representative panel (n = 3103) of working-age (18-64) New York City adults. Yearly measures include individual earnings, family income (income-to-needs), and psychological distress. We also examine effects by age, gender, education, and racial/ethnic identification.

Results

SUBMITTER: Jimenez-Solomon O 

PROVIDER: S-EPMC10876910 | biostudies-literature | 2024 Mar

REPOSITORIES: biostudies-literature