Health-wealth association among older Americans: Racial and ethnic differences

Using five-year longitudinal data from the AHEAD survey, this study investigated the direction of association between health and wealth among elderly people. In particular, it focused on how this association varied across racial and ethnic groups. The study found that there was a significant nonmonotonic association between health and wealth and the direction of the association was from health to wealth, but not from wealth to health, and that race and ethnicity moderated the effect of health on wealth. Implications for social policy are discussed.