Adverse Impacts of Declining Financial and Health Literacy in Old Age.

ABSTRACT:

Objectives

Inadequate financial and health literacy presents a formidable public health and economic challenge in old age. This study investigated declining financial and health literacy in relation to decision making performance, scam susceptibility and psychological wellbeing.

Design

Longitudinal study.

Setting

A community-based cohort in Northeastern Illinois, USA.

Participants

One thousand fourty-six older adults who were free of dementia at baseline and underwent annual clinical and literacy assessments.

Measurements

Financial and health literacy, decision making, scam susceptibility, and psychological wellbeing were assessed using validated instruments. Linear mixed effects models estimated person-specific rates of change in financial and health li

SUBMITTER: Yu L 

PROVIDER: S-EPMC8357843 | biostudies-literature | 2021 Nov

REPOSITORIES: biostudies-literature