Abstract
We examine the linkage between a sense of personal control and financial well-being among the elderly during COVID-19 using nationally representative data. Further, we investigate whether the big five personality traits alter this linkage. We find a positive relationship between personal control and financial well-being. Further, this linkage is stronger for individuals having high openness to experience and conscientiousness. Interestingly, we find a negative relationship between personal control and financial well-being among individuals having high neuroticism trait. The implications for the theory and practice are discussed.
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