Abstract
Life expectancy has increased in many countries throughout the world over recent years, leading to new challenges related to aging. A large part of the population is over 60 years old, and therefore studies that focus on financial autonomy and active aging are necessary. In this paper, we analyze the relationship between cognitive functioning and life satisfaction in relation to financial attitudes in a sample of 251 elderly adults (71% women) participating in an active aging program (M = 67.5, SD = 4.5). We used the Mini-Mental State Examination, the Satisfaction with Life scale, and a questionnaire about financial attitudes to gather data. Our results show that cognitive functioning and life satisfaction are related to certain financial attitudes. We also observed differences associated with gender, education level, and financial independence. According to our findings, life satisfaction should be taken into account when the financial attitudes of older adults are evaluated. The importance of support groups for the elderly is highlighted as well as of all those recreation and health programs, since they constitute a means of promoting well-being.
Highlights
Aging is a multifaceted process of maturation and decay that starts at birth and continues through to death [1]
Pereira et al [30] identified the benefits of an active aging program with a comprehensive approach on various components of cognitive function in older adults, and the results showed that physical exercise improved motor control, spatial and visual working memory, heuristic strategic reasoning, and associated visuospatial learning
We analyzed the performance of our sample on the Mini-Mental State Examination (MMSE) and found three performance groups: (1) mild impairment (10.7%); (2) moderate (41.3%); (3) normal (48%); we did not obtain any participant with severe results
Summary
Aging is a multifaceted process of maturation and decay that starts at birth and continues through to death [1]. The evolutionary characteristics of normative aging indicate that there is a gain in knowledge, experience, patience, and perspective on life, there is a decline in cognitive functioning skills, such as memory, attention, and information processing, which mainly becomes manifested with advanced age [3,4]. These shortcomings can be compensated for, by social group participation, family support, a continued lifestyle [5,6], physical exercise [7], and educational activities.
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