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Direct linkHansen, Thomas; Slagsvold, Britt; Moum, Torbjorn – Social Indicators Research, 2008
Prior research consistently has found that older adults, despite low incomes, are more financially satisfied than younger adults. This "satisfaction paradox" is typically attributed to elders' supposed psychological accommodation to poor financial circumstances. We advance a different explanation, one that focuses on substantial age…
Descriptors: Income, Economically Disadvantaged, Debt (Financial), Older Adults
