Racial and Ethnic Differences in Older Adults’ Financial Capacity and Differential Effects of Clinical Factors
Sarah Therrien, Oceanna Yueran Li, Feng Vankee Lin · 2025
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Description
Sarah Therrien, Oceanna Yueran Li, and Feng Vankee Lin study money skills in older adults in this 2025 paper. Financial capacity, the ability to grasp and complete money tasks, supports independent living, but past studies often drew on narrow samples. The team asked whether this capacity differs by racial and ethnic group, and whether health factors play unlike roles in each group.
They used data from nine hundred adults with normal thinking, mild problems, or dementia. Black and African-American adults scored lower on money skills than non-Hispanic white adults, while the Hispanic and Latino group did not differ clearly. Memory and thinking scores helped explain part of the gap. Mood and behavior symptoms, though, weighed less heavily on money skills in the Black group than in the white group.
Catalog record
| CREATOR | Sarah Therrien, Oceanna Yueran Li, Feng Vankee Lin |
|---|---|
| YEAR | 2025 |
| COLLECTION | PAPERS |
| FORMAT | TXT |
| FILE SIZE | 2 KB |
| VERSION | 1.0 |
| LICENSE | CC BY 4.0 |
| RIGHTS | CC BY |
| SOURCE | Europe PMC |