2021
DOI: 10.1097/psy.0000000000000943
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Financial Stressors During the Great Recession and Subsequent Risk of Early Mortality

Abstract: Objective: The Great Recession in 2008 was a period of severe economic upheaval and myriad financial stressors. Financial stress is associated with poorer health, but for whom is this stress the most health-relevant? The current study examined the association between financial stressors and mortality, as well as whether this association varied based on people's financial status. Methods: Participants from the Midlife in the United States study (n = 2760) were assessed before (2004)(2005) and after (2013-2014) … Show more

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Cited by 6 publications
(4 citation statements)
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“…Psychological stress and exposure to stressful life events are consistently associated with poor health and health‐relevant biomarkers (Bourassa, 2021; Cohen & Williamson, 1991; Cohen et al, 2007; Glaser et al, 1999; Noelke & Avendano, 2015; Phillips et al, 2001; Russ et al, 2012). Considerable research effort has been dedicated to disentangling the exact mechanisms that might explain how stressful life events influence health (Epel et al, 2018; Shields & Slavich, 2017).…”
Section: Introductionmentioning
confidence: 99%
“…Psychological stress and exposure to stressful life events are consistently associated with poor health and health‐relevant biomarkers (Bourassa, 2021; Cohen & Williamson, 1991; Cohen et al, 2007; Glaser et al, 1999; Noelke & Avendano, 2015; Phillips et al, 2001; Russ et al, 2012). Considerable research effort has been dedicated to disentangling the exact mechanisms that might explain how stressful life events influence health (Epel et al, 2018; Shields & Slavich, 2017).…”
Section: Introductionmentioning
confidence: 99%
“…Economic circumstances may have enhanced the impact of financial resources. Indeed, financial stressors during the recession increased premature mortality risk (Bourassa, 2021). Second, participants' cytomegalovirus (CMV) infection status was unknown.…”
mentioning
confidence: 99%
“…The MIDUS study includes extensive prior research on biopsychosocial pathways to mortality. For example, financial stress during the Great Recession has been linked to early mortality [40] while perceived control has been found to reduce mortality risk at low but not high levels of education [41], and SES combined with depressive affect and diurnal cortisol predicts all-cause mortality [42]. Other findings have linked changes in happiness to physical health and mortality [43]; well-being has also been combined with residential mobility to predict mortality [44].…”
Section: Discussionmentioning
confidence: 99%