Stum, 1993

Stum, M. S., Bauer, J. W. & Delaney, P. J. (1993).
Economic well-being of disabled elderly living in the community. Financial
Counseling and Planning
, 4,199-216.

Economic Well-Being of Disabled Elderly Living
in the Community

S. Stum1, Jean W. Bauer2 and Paula J. Delaney3

This study focuses on
understanding the economic well-being of a growing subgroup of elderly,
noninstitutionalized elderly facing risks of health problems and financial
dependency. The combination of predisposing characteristics and resources
that best explain differences in economic well-being of elderly was examined
using a sample from the 1984 National Long Term Care Survey of elderly
with functional limitations living in the community (N=5500).  There
were significant differences in economic well-being by age, marital status,
gender, race, types of income sources and education, although age, race
and gender did not have significant effects when other variables were controlled.
Resource variables added the most explanation for differences in economic
well-being, especially sources of income beyond Social Security. The results
show the importance of having retirement income sources beyond Social Security
for preventing poverty in retirement.

Key Words:  Elderly,
Poverty, Well-being

Affiliations at the time of publication:

1. Marlene S. Stum, Assistant
Professor, Family Social Science, University of Minnesota, 275 McNeal Hall,
1985 Buford Avenue, St. Paul, MN  55108. 612-625-4270. Fax: 612-625-4227.

2. Jean W. Bauer, Associate
Professor, Family Social Science, University of Minnesota, 275 McNeal Hall,
1985 Buford Ave., St. Paul, MN 55108. 612-625-1763 Fax: 612-625-4227. E-mail:

3. Paula J. Delaney, Graduate
Student, Family Social Science, University of Minnesota.


Research support and salaries
provided by the Agricultural Experiment Station Project #52-063 and the
Minnesota Extension Service.