Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program
Life expectancy has increased in many countries throughout the world over recent years, leading to new challenges related to aging. A large part of the population is over 60 years old, and therefore studies that focus on financial autonomy and active aging are necessary. In this paper, we analyze th...
- Autores:
-
Idárraga-Cabrera, Claudia
Dueñas, Jorge-Manuel
Martínez-González, Marina Begoña
Navarro-Blanco, Regina María
Denegri-Coria, Marianela
Pino, Mariana
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2020
- Institución:
- Corporación Universidad de la Costa
- Repositorio:
- REDICUC - Repositorio CUC
- Idioma:
- eng
- OAI Identifier:
- oai:repositorio.cuc.edu.co:11323/8366
- Acceso en línea:
- https://hdl.handle.net/11323/8366
https://doi.org/10.3390/bs10120189
https://repositorio.cuc.edu.co/
- Palabra clave:
- Financial attitudes
Active aging
Life satisfaction
Older people
Aging
- Rights
- openAccess
- License
- CC0 1.0 Universal
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dc.title.spa.fl_str_mv |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
title |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
spellingShingle |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program Financial attitudes Active aging Life satisfaction Older people Aging |
title_short |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
title_full |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
title_fullStr |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
title_full_unstemmed |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
title_sort |
Cognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program |
dc.creator.fl_str_mv |
Idárraga-Cabrera, Claudia Dueñas, Jorge-Manuel Martínez-González, Marina Begoña Navarro-Blanco, Regina María Denegri-Coria, Marianela Pino, Mariana |
dc.contributor.author.spa.fl_str_mv |
Idárraga-Cabrera, Claudia Dueñas, Jorge-Manuel Martínez-González, Marina Begoña Navarro-Blanco, Regina María Denegri-Coria, Marianela Pino, Mariana |
dc.subject.spa.fl_str_mv |
Financial attitudes Active aging Life satisfaction Older people Aging |
topic |
Financial attitudes Active aging Life satisfaction Older people Aging |
description |
Life expectancy has increased in many countries throughout the world over recent years, leading to new challenges related to aging. A large part of the population is over 60 years old, and therefore studies that focus on financial autonomy and active aging are necessary. In this paper, we analyze the relationship between cognitive functioning and life satisfaction in relation to financial attitudes in a sample of 251 elderly adults (71% women) participating in an active aging program (M = 67.5, SD = 4.5). We used the Mini-Mental State Examination, the Satisfaction with Life scale, and a questionnaire about financial attitudes to gather data. Our results show that cognitive functioning and life satisfaction are related to certain financial attitudes. We also observed differences associated with gender, education level, and financial independence. According to our findings, life satisfaction should be taken into account when the financial attitudes of older adults are evaluated. The importance of support groups for the elderly is highlighted as well as of all those recreation and health programs, since they constitute a means of promoting well-being. |
publishDate |
2020 |
dc.date.issued.none.fl_str_mv |
2020-12-10 |
dc.date.accessioned.none.fl_str_mv |
2021-06-09T22:06:47Z |
dc.date.available.none.fl_str_mv |
2021-06-09T22:06:47Z |
dc.type.spa.fl_str_mv |
Artículo de revista |
dc.type.coar.fl_str_mv |
http://purl.org/coar/resource_type/c_2df8fbb1 |
dc.type.coar.spa.fl_str_mv |
http://purl.org/coar/resource_type/c_6501 |
dc.type.content.spa.fl_str_mv |
Text |
dc.type.driver.spa.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.redcol.spa.fl_str_mv |
http://purl.org/redcol/resource_type/ART |
dc.type.version.spa.fl_str_mv |
info:eu-repo/semantics/acceptedVersion |
format |
http://purl.org/coar/resource_type/c_6501 |
status_str |
acceptedVersion |
dc.identifier.issn.spa.fl_str_mv |
2076-328X |
dc.identifier.uri.spa.fl_str_mv |
https://hdl.handle.net/11323/8366 |
dc.identifier.doi.spa.fl_str_mv |
https://doi.org/10.3390/bs10120189 |
dc.identifier.instname.spa.fl_str_mv |
Corporación Universidad de la Costa |
dc.identifier.reponame.spa.fl_str_mv |
REDICUC - Repositorio CUC |
dc.identifier.repourl.spa.fl_str_mv |
https://repositorio.cuc.edu.co/ |
identifier_str_mv |
2076-328X Corporación Universidad de la Costa REDICUC - Repositorio CUC |
url |
https://hdl.handle.net/11323/8366 https://doi.org/10.3390/bs10120189 https://repositorio.cuc.edu.co/ |
dc.language.iso.none.fl_str_mv |
eng |
language |
eng |
dc.relation.references.spa.fl_str_mv |
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Effectiveness of peers in delivering programs or motivating older people to increase their participation in physical activity: Systematic review and meta-analysis. J. Sports Sci. 2018, 36, 666–678. [CrossRef] [PubMed] 8. Kulason, K.; Nouchi, R.; Hoshikawa, Y.; Noda, M.; Okada, Y.; Kawashima, R. The beneficial effects of cognitive training with simple calculation and reading aloud in an elderly postsurgical population: Study protocol for a randomized controlled trial. Trials 2016, 17, 334. [CrossRef] 9. Cho, J. Analysis of Reading Domian of Men and Women Elderly Using Book Lending Data. J. Korean Libr. Inf. Sci. Soc. 2019, 50, 23–41. [CrossRef] 10. Mitolo, M.; Gardini, S.; Caffarra, P.; Ronconi, L.; Venneri, A.; Pazzaglia, F. Relationship between spatial ability, visuospatial working memory and self-assessed spatial orientation ability: A study in older adults. Cogn. Process. 2015, 16, 165–176. [CrossRef] 11. Dunsky, A. The Effect of Balance and Coordination Exercises on Quality of Life in Older Adults: A Mini-Review. Front. Aging Neurosci. 2019, 11, 318. [CrossRef] 12. Rodgers, V.; Neville, S.; La Grow, S. Health, functional ability and life satisfaction among older people 65 years and over: A cross-sectional study. Contemp. Nurse 2017, 53, 284–292. [CrossRef] 13. Martínez, B.; Delgado-Buz, J. Jubilación y tiempo libre en la vejez. Madrid, Portal Mayores, Informes Portal Mayores, nº 65. Lecciones de Gerontología, IX. 2006, pp. 1–20. Available online: http://www.imsersomayores. csic.es/documentos/documentos/bueno-jubilacion-01.pdf (accessed on 4 September 2020). 14. Shanas, E.; Townsend, P.; Wedderburn, D.; Friis, H.K.; Milhoj, P.; Stehouwer, J. Old People in Three Industrial Societies; Taylor and Francis: New York, NY, USA, 2017; ISBN 9781351502450. 15. United Nations. Pace, Dignity and Equality on a Healthy pLanet. Ageing. Available online: https: //www.un.org/en/sections/issues-depth/ageing/ (accessed on 4 September 2020). 16. North, M.S.; Fiske, S.T. Modern attitudes toward older adults in the aging world: A cross-cultural meta-analysis. Psychol. Bull. 2015, 141, 993–1021. [CrossRef] [PubMed] 17. Del Carmen Pérez-Fuentes, M.; Gázquez-Linares, J.J.; del Mar Molero, M.; Mercader-Botella, I. Un estudio de campo sobre el envejecimiento activo en función de la actividad física y ejercicio físico. Rev. Iberoam. Psicol. Salud 2012, 3, 19–37. 18. Fernández-Ballesteros, R.; Robine, J.M.; Walker, A.; Kalache, A. Active aging: A global goal. Curr. Gerontol. Geriatr. Res. 2013, 2013, 298012. [CrossRef] [PubMed] 19. Bauman, A.; Merom, D.; Bull, F.C.; Buchner, D.M.; Fiatarone Singh, M.A. Updating the Evidence for Physical Activity: Summative Reviews of the Epidemiological Evidence, Prevalence, and Interventions to Promote “active Aging”. Gerontologist 2016, 56, S268–S280. [CrossRef] 20. 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Aging 2016, 40, 1–19. [CrossRef] 26. Caprara, M.; Molina, M.Á.; Schettini, R.; Santacreu, M.; Orosa, T.; Mendoza-Núñez, V.M.; Rojas, M.; Fernández-Ballesteros, R. Active aging promotion: Results from the vital aging program. Curr. Gerontol. Geriatr. Res. 2013, 2013. 27. Fernández-Ballesteros, R.; Molina, M.Á.; Schettini, R.; Del Rey, Á.L. Promoting active aging through university programs for older adults. GeroPsych J. Gerontopsychol. Geriatr. Psychiatry 2012, 25, 145–154. [CrossRef] 28. Mendoza-Ruvalcaba, N.M.; Arias-Merino, E.D. “I am active”: Effects of a program to promote active aging. Clin. Interv. Aging 2015, 10, 829–837. [CrossRef] [PubMed] 29. Miyawaki, C.E.; Bouldin, E.D.; Kumar, G.S.; McGuire, L.C. Associations between physical activity and cognitive functioning among middle-aged and older adults. J. Nutr. Health Aging 2017, 21, 637–647. [CrossRef] 30. Pereira, T.; Cipriano, I.; Costa, T.; Saraiva, M.; Martins, A. Exercise, ageing and cognitive function—Effects of a personalized physical exercise program in the cognitive function of older adults. Physiol. Behav. 2019, 202, 8–13. [CrossRef] 31. Shao, J.; Zhang, Q.; Ren, Y.; Li, X.; Lin, T. Why are older adults victims of fraud? Current knowledge and prospects regarding older adults’ vulnerability to fraud. J. Elder Abus. Negl. 2019, 31, 225–243. [CrossRef] 32. James, B.D.; Boyle, P.A.; Bennett, D.A. Correlates of Susceptibility to Scams in Older Adults without Dementia. J. Elder Abus. Negl. 2014, 26, 107–122. [CrossRef] 33. Spreng, R.N.; Karlawish, J.; Marson, D.C. Cognitive, social, and neural determinants of diminished decision-making and financial exploitation risk in aging and dementia: A review and new model. J. Elder Abus. Negl. 2016, 28, 320–344. [CrossRef] 34. Martin, R.C.; Gerstenecker, A.; Triebel, K.L.; Falola, M.; McPherson, T.; Cutter, G.; Marson, D.C. Declining Financial Capacity in Mild Cognitive Impairment: A Six-Year Longitudinal Study. Arch. Clin. Neuropsychol. 2018, 34, 152–161. [CrossRef] 35. Muñoz-Murillo, M.; Álvarez-Franco, P.B.; Restrepo-Tobón, D.A. The role of cognitive abilities on financial literacy: New experimental evidence. J. Behav. Exp. Econ. 2020, 84, 101482. [CrossRef] 36. Finke, M.S.; Ho, N.; Huston, S.J. Spending, Relationship Quality, and Life Satisfaction in Retirement. SSRN Electron. J. 2017. [CrossRef] 37. Kim, H.H.; Maurer, R.; Mitchell, O.S. How Cognitive Ability and Financial Literacy Shape the Demand for Financial Advice at Older Ages. SSRN Electron. J. 2019, 4. [CrossRef] 38. Brzozowski, M.; Spotton Visano, B. “Havin’ Money’s Not Everything, Not Havin’ It Is”: The Importance of Financial Satisfaction for Life Satisfaction in Financially Stressed Households. J. Happiness Stud. 2020, 21, 573–591. [CrossRef] 39. Ruberton, P.M.; Lyubomirsky, S.; Gladstone, J. 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Navarro-González, E.; Calero, M.D. Relación entre plasticidad y ejecución cognitiva: El potencial de aprendizaje en ancianos con deterioro cognitivo. Eur. J. Investig. Health Psychol. Educ. 2015, 1, 45. [CrossRef] 58. Uylings, H.B.M.; De Brabander, J.M. Neuronal changes in normal human aging and Alzheimer’s disease. Brain Cogn. 2002, 49, 268–276. [CrossRef] 59. Durán, D.M.; Orbegoz Valderrama, L.J.; Uribe-Rodríguez, A.F.; Uribe Linde, J.M. Social integration and functional skills in older adults. Univ. Psychol. 2008, 7, 263–270. 60. Llamas-Velasco, S.; Llorente-Ayuso, L.; Contador, I.; Bermejo-Pareja, F. Spanish versions of the Minimental State Examination (MMSE). Questions for their use in clinical practice. Rev. Neurol. 2015, 61, 363–371. [CrossRef] [PubMed] 61. Mungas, D.; Reed, B.R.; Farias, S.T.; DeCarli, C. Age and Education Effects on Relationships of Cognitive Test Scores With Brain Structure in Demographically Diverse Older Persons. Psychol. Aging 2009, 24, 116–128. [CrossRef] 62. Lopez, A.; Caffò, A.O.; Bosco, A. Memory for familiar locations: The impact of age, education and cognitive efficiency on two neuropsychological allocentric tasks. Assessment 2020, 27, 1588–1603. [CrossRef] [PubMed] 63. Rodríguez Álvarez, M.; Sánchez Rodríguez, J.L. Reserva cognitiva y demencia. An. Psicol. 2004, 20, 175–186. 64. Meléndez-Moral, J.C.; Sales-Galán, A.; Mayordomo-Rodríguez, T. Reserva cognitiva, compensación y potencial de aprendizaje: Relación entre medidas. Inf. Psicol. 2013, 105, 29–41. 65. Netemeyer, R.G.; Warmath, D.; Fernandes, D.; Lynch, J.G. How Am i Doing? Perceived Financial Well-Being, Its Potential Antecedents, and Its Relation to Overall Well-Being. J. Consum. Res. 2018, 45, 68–89. [CrossRef] 66. Hershey, D.A.; van Dalen, H.P.; Conen, W.; Henkens, K. Are “voluntary” self-employed better prepared for retirement than “forced” self-employed? Work. Aging Retire. 2017, 3, 243–256. [CrossRef] 67. Wilson, R.S.; Yu, L.; James, B.D.; Bennett, D.A.; Boyle, P.A. Association of financial and health literacy with cognitive health in old age. Aging Neuropsychol. Cogn. 2017, 24, 186–197. [CrossRef] 68. European Commission Directorate-General for Employment, Social Affairs and Inclusion. Job Satisfaction and Satisfaction in Financial Situation and Their Impact on Life Satisfaction. Research Note no. 6 2016. Available online: https://ec.europa.eu/social/BlobServlet?docId=17504&langId=en (accessed on 4 September 2020). 69. Pedrera Zamorano, J.; Canal Macías, M.; Lavado García, J.; Postigo Mota, S.; Sánchez Belda, M.; Durán Gómez, N. Study on the Health of the Elderly in Extremadura: Medication and most Frequent Chronic Diseases. Rev. Esp. Salud Pública 1999, 73, 677–686. |
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Idárraga-Cabrera, ClaudiaDueñas, Jorge-ManuelMartínez-González, Marina BegoñaNavarro-Blanco, Regina MaríaDenegri-Coria, MarianelaPino, Mariana2021-06-09T22:06:47Z2021-06-09T22:06:47Z2020-12-102076-328Xhttps://hdl.handle.net/11323/8366https://doi.org/10.3390/bs10120189Corporación Universidad de la CostaREDICUC - Repositorio CUChttps://repositorio.cuc.edu.co/Life expectancy has increased in many countries throughout the world over recent years, leading to new challenges related to aging. A large part of the population is over 60 years old, and therefore studies that focus on financial autonomy and active aging are necessary. In this paper, we analyze the relationship between cognitive functioning and life satisfaction in relation to financial attitudes in a sample of 251 elderly adults (71% women) participating in an active aging program (M = 67.5, SD = 4.5). We used the Mini-Mental State Examination, the Satisfaction with Life scale, and a questionnaire about financial attitudes to gather data. Our results show that cognitive functioning and life satisfaction are related to certain financial attitudes. We also observed differences associated with gender, education level, and financial independence. According to our findings, life satisfaction should be taken into account when the financial attitudes of older adults are evaluated. The importance of support groups for the elderly is highlighted as well as of all those recreation and health programs, since they constitute a means of promoting well-being.Idárraga-Cabrera, ClaudiaDueñas, Jorge-Manuel-will be generated-orcid-0000-0002-8954-7947-600Martínez-González, Marina Begoña-will be generated-orcid-0000-0002-5840-6383-600Navarro-Blanco, Regina-will be generated-orcid-0000-0002-4676-7704-600Denegri-Coria, MarianelaPino, Marianaapplication/pdfengCorporación Universidad de la CostaCC0 1.0 Universalhttp://creativecommons.org/publicdomain/zero/1.0/info:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2Behavioral Scienceshttps://www.mdpi.com/2076-328X/10/12/189Financial attitudesActive agingLife satisfactionOlder peopleAgingCognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging programArtículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/acceptedVersion1. 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older individuals who participate in an active aging program.pdf.jpgCognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program.pdf.jpgimage/jpeg68170https://repositorio.cuc.edu.co/bitstreams/60ec2b0d-b17c-4cb1-84be-5915d8b89dad/download543ebc5143670ee82d7e8555d5de4c60MD54TEXTCognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program.pdf.txtCognitive functioning, life satisfaction, and their relationship with the financial attitudes of older individuals who participate in an active aging program.pdf.txttext/plain48028https://repositorio.cuc.edu.co/bitstreams/1ca444d4-f06a-44da-b2f9-4b7c7249476e/download0a6c8344016e761cff5b19c73879abbcMD5511323/8366oai:repositorio.cuc.edu.co:11323/83662024-09-17 14:08:03.929http://creativecommons.org/publicdomain/zero/1.0/CC0 1.0 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