Trust Buffers Against Reduced Life Satisfaction When Faced With Financial Crisis.

ABSTRACT: Background: In light of the coronavirus disease 2019 (COVID-19) pandemic and its large economic consequences, we used a three-layer nested structural model (individual, community, and country), each with a corresponding measure of income, trust, and satisfaction, to assess change in their interrelationships following a global crisis; which, in this study, is the 2008/2009 financial crisis. Methods: With multilevel techniques, we analyzed data from two waves (2006 and 2012) of the European Social Survey (ESS) in 19 countries (weighted N = 73,636) grouped according to their levels of trust. Results: In high trust countries, personal life satisfaction (LS) was not related to personal, community, or national income before or after the crisis. In contrast, in low tru

SUBMITTER: Clench-Aas J 

PROVIDER: S-EPMC8264375 | biostudies-literature | 2021

REPOSITORIES: biostudies-literature