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The Status of Financial Wellbeing and Its Related Factors among Older Adults in Tabriz City, 2022
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Kosar Akbarabadi   , Nasibeh Zanjari * , Ahmad Delbari , Mehdi Basakha |
| University of Social Welfare and Rehabilitation Sciences, |
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Abstract: (201 Views) |
Introduction: Economic fluctuations during old age affect many elderly individuals due to increased expenses and decreased income. Considering that the older adults are one of the vulnerable groups in society, the aim of this study is to investigate financial well-being and its related factors among the older adults population in the city of Tabriz.
Methods: This cross-sectional study was conducted in 2022 on 220 older adults’ individuals aged 60 and above in the metropolitan area of Tabriz, Iran, using random cluster sampling. Data were collected through questionnaires on financial well-being, spending behavior, financial concern, and a demographic checklist. Data analysis was performed using descriptive and analytical statistical tests in SPSS26 software.
Results: The mean age of the older adults was 68.08 years (±6.62) and the mean financial well-being score was 49.8 (±15.01). The results indicated that the financial well-being of the elderly in Tabriz was at a moderate level. According to the regression model, employed older adults, those with higher monthly income, those living in their own homes, those who did not face financial difficulties during the COVID-19 pandemic, those with more controlled spending behavior, and those with less financial concern had higher financial well-being.
Conclusion: Given the high level of financial concern among the older adults, it is necessary that policy planning not only includes governmental aid for vulnerable elderly individuals but also provides financial management and spending behavior education before entering old age to help improve their financial well-being.
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| Keywords: Financial well-being, Spending behavior, financial concern, older adult, Tabriz |
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Type of Study: Original research |
Subject:
elderly social issues
Received: 2025/07/1 | Accepted: 2025/10/10 | Published: 2025/10/10
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