Trickle-up effects of children's financial anxiety on parent retirement intentions.

IF 9.4 1区心理学 Q1 MANAGEMENT Journal of Applied Psychology Pub Date : 2024-12-12 DOI:10.1037/apl0001256

Alexander Eng, Liuxin Yan, Kai Chi Yam

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Abstract

Today, adult children depend financially on their parents more than ever before. This poses challenges for the financial well-being of parents, particularly in the context of retirement planning. Our research investigates the crossover of financial anxiety from adult children to their parents and its impact on parents' retirement intentions. Drawing on crossover theory and the resource-based view of retirement, we examine the mechanisms underlying this stress crossover. Across three studies (Studies 1a, 1b, and 2) conducted in developed economies, we found that adult children's financial anxiety was associated with their parents' delayed retirement intentions through an increase in their parents' own financial anxiety. Study 3, conducted in a developing economy, further established that financial stress crossover occurred primarily through an increase in social undermining and financial expenditure, although these mechanisms do not translate into delayed retirement intentions. Our work contributes to the stress-crossover literature by testing different mechanisms of stress crossover and highlighting how children's financial anxiety might "trickle-up" to affect their parents' stress and important life decisions. (PsycInfo Database Record (c) 2024 APA, all rights reserved).

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子女的财务焦虑对父母退休意愿的涓滴效应。

如今，成年子女在经济上比以往任何时候都更加依赖父母。这给父母的财务状况带来了挑战，特别是在退休计划的背景下。我们的研究调查了从成年子女到父母的财务焦虑的交叉及其对父母退休意向的影响。利用交叉理论和退休资源观，我们研究了这种压力交叉的机制。在发达经济体进行的三项研究（研究1a、1b和2）中，我们发现成年子女的财务焦虑与父母推迟退休的意图有关，因为父母自己的财务焦虑增加了。在发展中经济体中进行的研究3进一步证实，财务压力交叉主要是通过社会破坏和财务支出的增加而发生的，尽管这些机制并不转化为延迟退休意图。我们的工作通过测试压力跨界的不同机制，并强调儿童的经济焦虑如何“涓滴”影响父母的压力和重要的生活决策，从而为压力跨界文献做出贡献。（PsycInfo Database Record (c) 2024 APA，版权所有）。

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来源期刊

Journal of Applied Psychology Multiple-

CiteScore

17.60

自引率

6.10%

发文量

175

期刊介绍： The Journal of Applied Psychology® focuses on publishing original investigations that contribute new knowledge and understanding to fields of applied psychology (excluding clinical and applied experimental or human factors, which are better suited for other APA journals). The journal primarily considers empirical and theoretical investigations that enhance understanding of cognitive, motivational, affective, and behavioral psychological phenomena in work and organizational settings. These phenomena can occur at individual, group, organizational, or cultural levels, and in various work settings such as business, education, training, health, service, government, or military institutions. The journal welcomes submissions from both public and private sector organizations, for-profit or nonprofit. It publishes several types of articles, including: 1.Rigorously conducted empirical investigations that expand conceptual understanding (original investigations or meta-analyses). 2.Theory development articles and integrative conceptual reviews that synthesize literature and generate new theories on psychological phenomena to stimulate novel research. 3.Rigorously conducted qualitative research on phenomena that are challenging to capture with quantitative methods or require inductive theory building.