Abstract
Aim: This study aimed to investigate the effect of the gap between objective income and subjective financial need on depressive symptoms in individuals aged 60 and older. Methods: Data from the 2011 and 2013 Korean Retirement and Income Study were used. A total of 4891 individuals aged 60 and older were included at baseline. The Generalized Estimating Equation model was used to examine the association between the gap in objective income and subjective financial need and the presence of depressive symptoms, which were measured using the Center for Epidemiological Studies Depression Scale. Results: Compared to individuals in the middle objective income-middle subjective financial need group, individuals in the low-low category (odds ratio (OR): 1.30, 95% confidence interval (CI): 1.04–1.61) and the low-middle category (OR: 1.26, 95%CI: 1.09–1.45) showed a statistically significant higher likelihood of having depressive symptoms. In contrast, participants in the middle-low (OR: 0.74, 95%CI: 0.54–0.99), high-low (OR: 0.50, 95%CI: 0.34–0.73), high-middle (OR: 0.74, 95%CI: 0.63–0.87), and high-high categories (OR: 0.74, 95%CI: 0.55–0.99) were less likely to exhibit depressive symptoms. Additionally, the lower likelihood of depressive symptoms found in middle- and high-income groups with lower levels of subjective financial need was strong among individuals with chronic disease. Conclusions: Differences in the prevalence of depressive symptoms generally exist between individuals of the same income category depending on perceived income adequacy. Therefore, it is important to consider discrepancies in objective income and subjective financial need when assessing risk factors for depressive symptoms in older populations.
| Original language | English |
|---|---|
| Pages (from-to) | 389-396 |
| Number of pages | 8 |
| Journal | Psychogeriatrics |
| Volume | 17 |
| Issue number | 6 |
| DOIs | |
| Publication status | Published - 2017 Nov |
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All Science Journal Classification (ASJC) codes
- Gerontology
- Geriatrics and Gerontology
- Psychiatry and Mental health
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The association between objective income and subjective financial need and depressive symptoms in South Koreans aged 60 and older. / Kim, Woorim; Kim, Tae Hyun; Lee, Tae Hoon; Ju, Yeong Jun; Park, Eun Cheol.
In: Psychogeriatrics, Vol. 17, No. 6, 11.2017, p. 389-396.Research output: Contribution to journal › Article
TY - JOUR
T1 - The association between objective income and subjective financial need and depressive symptoms in South Koreans aged 60 and older
AU - Kim, Woorim
AU - Kim, Tae Hyun
AU - Lee, Tae Hoon
AU - Ju, Yeong Jun
AU - Park, Eun Cheol
PY - 2017/11
Y1 - 2017/11
N2 - Aim: This study aimed to investigate the effect of the gap between objective income and subjective financial need on depressive symptoms in individuals aged 60 and older. Methods: Data from the 2011 and 2013 Korean Retirement and Income Study were used. A total of 4891 individuals aged 60 and older were included at baseline. The Generalized Estimating Equation model was used to examine the association between the gap in objective income and subjective financial need and the presence of depressive symptoms, which were measured using the Center for Epidemiological Studies Depression Scale. Results: Compared to individuals in the middle objective income-middle subjective financial need group, individuals in the low-low category (odds ratio (OR): 1.30, 95% confidence interval (CI): 1.04–1.61) and the low-middle category (OR: 1.26, 95%CI: 1.09–1.45) showed a statistically significant higher likelihood of having depressive symptoms. In contrast, participants in the middle-low (OR: 0.74, 95%CI: 0.54–0.99), high-low (OR: 0.50, 95%CI: 0.34–0.73), high-middle (OR: 0.74, 95%CI: 0.63–0.87), and high-high categories (OR: 0.74, 95%CI: 0.55–0.99) were less likely to exhibit depressive symptoms. Additionally, the lower likelihood of depressive symptoms found in middle- and high-income groups with lower levels of subjective financial need was strong among individuals with chronic disease. Conclusions: Differences in the prevalence of depressive symptoms generally exist between individuals of the same income category depending on perceived income adequacy. Therefore, it is important to consider discrepancies in objective income and subjective financial need when assessing risk factors for depressive symptoms in older populations.
AB - Aim: This study aimed to investigate the effect of the gap between objective income and subjective financial need on depressive symptoms in individuals aged 60 and older. Methods: Data from the 2011 and 2013 Korean Retirement and Income Study were used. A total of 4891 individuals aged 60 and older were included at baseline. The Generalized Estimating Equation model was used to examine the association between the gap in objective income and subjective financial need and the presence of depressive symptoms, which were measured using the Center for Epidemiological Studies Depression Scale. Results: Compared to individuals in the middle objective income-middle subjective financial need group, individuals in the low-low category (odds ratio (OR): 1.30, 95% confidence interval (CI): 1.04–1.61) and the low-middle category (OR: 1.26, 95%CI: 1.09–1.45) showed a statistically significant higher likelihood of having depressive symptoms. In contrast, participants in the middle-low (OR: 0.74, 95%CI: 0.54–0.99), high-low (OR: 0.50, 95%CI: 0.34–0.73), high-middle (OR: 0.74, 95%CI: 0.63–0.87), and high-high categories (OR: 0.74, 95%CI: 0.55–0.99) were less likely to exhibit depressive symptoms. Additionally, the lower likelihood of depressive symptoms found in middle- and high-income groups with lower levels of subjective financial need was strong among individuals with chronic disease. Conclusions: Differences in the prevalence of depressive symptoms generally exist between individuals of the same income category depending on perceived income adequacy. Therefore, it is important to consider discrepancies in objective income and subjective financial need when assessing risk factors for depressive symptoms in older populations.
UR - http://www.scopus.com/inward/record.url?scp=85017464503&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85017464503&partnerID=8YFLogxK
U2 - 10.1111/psyg.12262
DO - 10.1111/psyg.12262
M3 - Article
C2 - 28378442
AN - SCOPUS:85017464503
VL - 17
SP - 389
EP - 396
JO - Psychogeriatrics
JF - Psychogeriatrics
SN - 1346-3500
IS - 6
ER -