Childhood Predictors of Midlife Finance Outcomes in the Chicago Longitudinal Study.

ABSTRACT: This study examined the predictors of financial assets (e.g., savings and retirement assets) at early midlife in a sample of 1,092 individuals (93.7% Black American) who grew up in low-income neighborhoods. Data were drawn from the Chicago Longitudinal Study, which has tracked participants from early childhood to midlife and consists of participant, parent, teacher surveys, and administrative records. The main outcomes were savings in 2019 dollars (log) and savings in the top quartile of the study sample, both self-reported at age 35-37. Hierarchical linear and binary logistic regression analyses identified many significant (p < .05 or p < .01) predictors of assets, including: involvement in child welfare system by age 5 (b = -1.55), Child-Parent Center preschool participation (b = 0.77),

SUBMITTER: Bisla I 

PROVIDER: S-EPMC12526078 | biostudies-literature | 2025 Jun

REPOSITORIES: biostudies-literature