Table 3B.

The effect of financial hardship on depressive symptoms comparing middle and older ages.

	Panel B: 65 Years or Older				Panel C: 50–64 Years Old
Models	Effects [95% CI] on CESD*			p-values	Effects [95% CI] on CESD*			p-values
Model 1: Financial Main Effects
Difficulty Paying Bills	0.19 [0.15, 0.23]			<0.01	0.24 [0.19, 0.30]			<0.01
Reduction in Medication Use	0.40 [0.25, 0.55]			<0.01	0.36 [0.19, 0.51]			<0.01
Model 2: No Interactions
Difficulty Paying Bills	0.18 [0.14, 0.23]			<0.01	0.25 [0.19, 0.30]			<0.01
Reduction in Medication Use	0.40 [0.25, 0.55]			<0.01	0.36 [0.20, 0.52]			<0.01
Recession vs Pre-Recession	−0.10 [-0.16, −0.04]			<0.01	−0.14 [-0.23, −0.05]			<0.01
Recovery vs Pre-Recession	−0.19 [-0.28, −0.11]			<0.01	−0.03 [-0.15, 0.09]			0.67
Model 3: Difficulty Paying Bills	Pre-Recession	Recession	Recovery		Pre-Recession	Recession	Recovery
Effect of Difficulty Paying Bills During …	0.20 [0.14, 0.25]	0.12 [0.06, 0.18]	0.24 [0.16, 0.32]	*0.04, 0.35	0.27 [0.20, 0.34]	0.25 [0.18, 0.32]	0.20 [0.12, 0.28]	*0.63, 0.12
Model 4: Reduction in Medication Use	Pre-Recession	Recession	Recovery		Pre-Recession	Recession	Recovery
Effect of Reduction in Medication Use During	0.49 [0.27, 0.71]	0.20 [-0.02, 0.43]	0.47 [0.16, 0.78]	*0.053, 0.90	0.45 [0.22, 0.68]	0.38 [0.14, 0.63]	0.18 [-0.13, 0.49]	*0.68, 0.15

All models control for all socio-demographic factors.

*Interaction coefficient p-values (Recession vs. Pre, Recovery vs. Pre).