Table 1.
Respondent Characteristics Stratified by Measures of Financial Stress and Strain
| Respondent Demographics | Financial Strain (N=176) | Financial Stress (N=158) | ||||||
|---|---|---|---|---|---|---|---|---|
| All | Major | Minor | None | P | All | M (SD) | P | |
| N | 176 | 40 | 50 | 86 | 158 | 1.1 (1.8) | ||
| Total, % | 100 | 22.7 | 28.4 | 48.9 | ||||
| Age, y | 55.9±17.8 | 53.8±16.3 | 53.3±20.2 | 58.6±16.7 | NS | 56.4±17.7 | P < .001a | |
| Gender, % | NS | NS | ||||||
| Male | 39.2 | 26.1 | 23.2 | 50.7 | 40.5 | 1.2 (1.8) | ||
| Female | 60.8 | 20.6 | 31.8 | 47.7 | 59.5 | 1.0 (1.7) | ||
| Race, % | NS | P < .001 | ||||||
| White | 84.7 | 22.1 | 27.5 | 50.3 | 84.2 | .8 (1.4) | ||
| Black | 6.8 | 16.7 | 41.7 | 41.7 | 7.6 | 1.6 (2.2) | ||
| Other | 3.4 | 50.0 | 16.7 | 33.3 | 3.8 | 4.7 (3.2) | ||
| Missing | 5.1 | 22.2 | 33.3 | 44.4 | 4.4 | 1.6 (1.8) | ||
| Ethnicity, % | NS | NS | ||||||
| Latino/Hispanic | 4.5 | 25.0 | 37.5 | 49.1 | 1.6 (1.8) | |||
| Non-Latino/Non-Hispanic | 95.5 | 22.8 | 28.1 | 37.5 | 4.4 | 1.1 (1.8) | ||
| Missing | .6 | 0 | 0 | 100.0 | 95.60 | 0 | ||
| Income, % | NS | NS | ||||||
| Less than $25,000 | 30.7 | 25.9 | 29.6 | 44.4 | 30.4 | 1.2 (1.9) | ||
| $25,000 – $50,000 | 25.6 | 17.8 | 20.0 | 62.2 | 25.9 | 1.0 (1.8) | ||
| $50,000 – $75,000 | 11.4 | 35.0 | 25.0 | 40.0 | 12.7 | 1.5 (2.2) | ||
| $75,000 – $100,000 | 6.3 | 18.2 | 54.5 | 27.3 | 5.7 | .9 (1.1) | ||
| $100,000 + | 7.4 | 15.4 | 23.1 | 61.5 | 7.6 | .8 (1.0) | ||
| Missing | 18.8 | 21.2 | 33.3 | 45.5 | 17.7 | .9 (1.5) | ||
| Education, % | NS | NS | ||||||
| Less than grade 12 | 9.7 | 35.3 | 23.5 | 41.2 | 10.1 | 1.6 (2.2) | ||
| Grade 12 or GED | 36.9 | 24.6 | 29.2 | 46.2 | 38.0 | 1.4 (2.0) | ||
| Bus/tech/voc school | 5.7 | 10.0 | 30.0 | 60.0 | 4.4 | 0 | ||
| Some college | 24.4 | 18.6 | 32.6 | 48.8 | 24.7 | 1.0 (1.6) | ||
| College graduate | 9.7 | 29.4 | 35.3 | 35.3 | 9.5 | 1.0 (1.6) | ||
| Post grad/grad school | 12.5 | 18.2 | 13.6 | 68.2 | 12.7 | .5 (1.1) | ||
| Missing | 1.1 | 0 | 50.0 | 50.0 | .6 | 0 | ||
| Marital Status, % | NS | P < .01 | ||||||
| Married/Living as married | 26.7 | 25.5 | 29.8 | 44.7 | 26.6 | 1.4 (1.7) | ||
| Divorced/Separated | 8.5 | 26.7 | 13.3 | 60.0 | 8.9 | 2.0 (2.4) | ||
| Widowed | 43.8 | 23.4 | 24.7 | 51.9 | 44.3 | .6 (1.1) | ||
| Never been married | 19.9 | 17.1 | 42.9 | 40.0 | 19.0 | 1.5 (2.3) | ||
| Missing | 1.1 | 0 | 0 | 100.0 | 1.3 | 0 | ||
a
P-value for Pearson’s correlation coefficient testing the relationship between respondent age and financial stress (r=−.30).
Note: Among racial categories, Bonferroni’s correction identified differences between the “other” racial group and white, black, and missing groups. A post hoc analysis of marital status identified a statistically significant difference between widowed and divorced/separated respondents, with widows reporting lower level of financial stress.