We examined the role of different types of family assets in emotional well-being and depression. We found that family assets may play a significant protective role against depression, loneliness, and a decreased quality of life.
Different forms of family assets may play diverse roles in protecting against the risks of ill-being and mental ill-health; however, their roles in increasing the chances of overcoming ill-being are less pronounced. Promotion of saving behaviours and proper financial management can help protect against adverse well-being and health outcomes in middle-aged and older adults.
We encourage you to read:
Bialowolski, P., Xiao, J. J., & Weziak-Bialowolska, D. (2023). Do All Savings Matter Equally ? Saving Types and Emotional Well - Being Among Older Adults : Evidence from Panel Data. Journal of Family and Economic Issues. https://doi.org/10.1007/s10834-023-09891-2