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Older adults and adults with disabilities in California struggle to make financial ends meet
Older adults and adults with disabilities in California struggle to make financial ends meet
- Collection:
- Health Policy and Services Research
- Series Title(s):
- Health policy fact sheet (Online)
- Author(s):
- Chen, Lei, author
Kietzman, Kathryn G., author - Contributor(s):
- UCLA Center for Health Policy Research, issuing body.
- Publication:
- Los Angeles, CA : UCLA Center for Health Policy Research, August 2022
- Language(s):
- English
- Format:
- Text
- Subject(s):
- Aged
Persons with Disabilities -- statistics & numerical data
Financing, Personal -- statistics & numerical data
Ethnicity
Racial Groups
California - Genre(s):
- Technical Report
- Abstract:
- In this fact sheet, we provide a state-level population view of the financial difficulties experienced by older adults (ages 65 and older) and adults with disabilities in California. Data were obtained from the California Long-Term Services and Supports (CA-LTSS) study, a follow-on survey of the 2019 and 2020 California Health Interview Surveys (CHIS). When asked about specific financial challenges experienced in the last 12 months, 2 in 5 respondents reported that they had cut down on the amount they spent on food and/or had cut back on saving for retirement, and nearly the same proportion said that their household income had declined. Nearly 1 in 3 reported receiving or borrowing money from someone because they were struggling to get by, while close to 1 in 5 were in debt due to medical bills, had cut down on the amount they spent on prescription medications or medical care, and/or were unable to make their rent or mortgage payment. Survey data also indicate significant racial/ethnic differences in the experience of certain types of financial difficulty. Respondents who identified as biracial/ multiracial or as Black/African American were the most likely to report cutting down on the amount spent on food (57.1% and 56.7%, respectively). Black/African American (44.5%) and Latinx (43%) respondents represented the largest groups who had received or borrowed money from someone because they were struggling to get by, while Latinx (25.8%) and Asian (21.1%) respondents were most likely to report being unable to make their rent or mortgage payments. (Exhibits illustrating differences by age group and by cognitive status are provided in the online appendices: https://healthpolicy.ucla.edu/publications/ Documents/PDF/2022/Older-Adults-Struggle Appendix-aug2022.pdf.) Finally, a majority of the 2,030 adults who completed the CA-LTSS survey (61.4%) reported that they were very or somewhat worried that their total family income was not enough to meet their living expenses and bills (data not shown). (Exhibits illustrating differences in financial worries by age, income, and employment status are provided in the online appendices: https://healthpolicy. ucla.edu/publications/Documents/PDF/2022/ Older-Adults-Struggle-Appendix-aug2022.pdf.)
- Copyright:
- Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
- Extent:
- 1 online resource (1 PDF file (4 pages))
- Illustrations:
- Illustrations
- NLM Unique ID:
- 9918486675106676 (See catalog record)
- Permanent Link:
- http://resource.nlm.nih.gov/9918486675106676