18 September 2012The Personal Finance Research Centre (PFRC) has been awarded funding from the Economic and Social Research Council (ESRC) under the new Secondary Data Analysis initiative for a 15 month research project to explore the financial dimensions of wellbeing in older age.
The research will be led by Sharon Collard, working alongside Andrea Finney, David Hayes, and the other members of PFRC. Professor Kelvyn Jones will offer expert advice on the multilevel and longitudinal methods to be used in the study. The International Longevity Centre (ILC) will partner PFRC in this research.
Working closely with ILC, PFRC will analyse a suite of quantitative and qualitative datasets and synthesise the findings to provide a complete view of financial well-being among older people. This will be complemented by survey data analysis of the longitudinal and cross-country influences on older people's financial well-being and quality of life.
The study will generate new knowledge and improve our understanding of these issues, by examining the types of savings and assets that older people have; their patterns of spending and borrowing; their access and use of financial services such as bank accounts and insurance; and the relationship between financial well-being and quality of life. A key feature of the research is effective dissemination to the academic community, policy makers and practitioners through the University's and ILC's extensive networks and online.