Financial perceptions and subjective well-being among older adults

SFWB significantly contributes to older adults' life satisfaction, partly by reducing hopelessness. This multidimensional measure is important in aging research because it reflects not just income or assets but also perceived financial security, stability, and the freedom to make choices in the present and future. Negative social support intensifies the psychological toll of financial insecurity, while positive support provides limited buffering. Interventions should address both financial perceptions and social relationships to strengthen resilience and well-being in later life.