DOES ASSET POVERTY INFLUENCE HEALTH AND WELL-BEING IN LATER LIFE? AN 8-YEAR PROSPECTIVE STUDY IN CHINA

Abstract

Wealth serves as a financial cushion for older adults that can be consumed to generate economic, psychological, and social benefits in later life. Asset poverty, defined as inadequate wealth to cover basic needs for three months, can lead to financial instability and diminished well-being.

The paper