1. Savings, home ownership, and depression in low-income US adults
- Author
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Patrick M. Vivier, Gregory H. Cohen, Catherine K. Ettman, and Sandro Galea
- Subjects
Adult ,medicine.medical_specialty ,Health (social science) ,Social Psychology ,National Health and Nutrition Examination Survey ,Epidemiology ,Article ,Odds ,03 medical and health sciences ,0302 clinical medicine ,medicine ,Humans ,030212 general & internal medicine ,health care economics and organizations ,Depression (differential diagnoses) ,Depressive Disorder, Major ,Depression ,business.industry ,Ownership ,Odds ratio ,Nutrition Surveys ,medicine.disease ,Mental health ,United States ,030227 psychiatry ,Psychiatry and Mental health ,Cross-Sectional Studies ,Major depressive disorder ,Observational study ,business ,Demography - Abstract
PURPOSE: While the association between income and depression is well established, less explored is the relation between wealth and depression, particularly among low-income adults. We studied the relation between two types of assets—savings and home ownership—and probable depression to understand how access to different assets may shape depression among low-income US adults. METHODS: STUDY SAMPLE: We conducted a serial cross-sectional, observational study with 12,019 adults with low-income in the United States using National Health and Nutrition Examination Survey (NHANES) data from 2007–2016. MEASURES: We measured probable major depressive disorder (MDD) with impairment using the Patient Health Questionnaire-9. Low savings was defined as having $5,000 or less in family savings. STATISTICAL ANALYSIS: We estimated adjusted and unadjusted prevalence, odds ratios, and predicted probability of probable MDD across asset groups. RESULTS: Of low-income US adults, 5.4% had probable MDD with impairment, 85.9% had low savings, and 54.9% rented their home. Persons with low savings had 2.34 (95% CI 1.44–3.79) times the odds of having probable MDD relative to those with high savings. Home owners had 2.14 (95% CI 1.20–3.86) and home renters had 3.65 (95% CI 1.45–9.20) times the odds of having probable MDD if they had low savings relative to high savings. CONCLUSION: Family savings and home ownership are associated with lower burden of depression among low-income adults in the US.
- Published
- 2020
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