The effect of psychological factors on financial behaviour among older Australians: Evidence from the early stages of COVID-19 pandemic.

The current study investigated the association between psychological factors and financial behaviour during the COVID-19 pandemic in older people. Older people were chosen compared to other age groups because of the relatively greater impact in this age group of suboptimal financial decisions on future financial wellbeing. We hypothesised that the psychological factors facilitating general wellbeing during the COVID-I9 pandemic, i.e., positive mental wellbeing, hope, and positive coping, will have positive effects on financial behaviour. Based on telephone interviews, 1501 older Australians (Men = 750 and Women = 751; 55-64y = 630; > 65y = 871) completed an omnibus questionnaire examining coping, hope, mental wellbeing, and financial behaviour. Data was analysed using logistic regression and an ordinary and two-stage least square frameworks. Analyses revealed that the psychological factors identified as facilitating general wellbeing during the COVID-I9 pandemic also facilitated positive financial behaviour with hope and mental wellbeing emerging as significant determinants. Based on weightings from principal component analysis, one item each from the hope and mental wellbeing scale with eigenvalues > 1 were found to be robust predictors of positive financial behaviours. In conclusion, the findings support the assumption that the psychological factors associated with general wellbeing during the COVID-19 pandemic are also associated with positive financial behaviour. They further raise the possibility that single hope and positive mental well-being items can also be used to monitor psychological health and predict financial behaviour in older people and, in particular, at times of crisis. The latter may be useful measures for government to monitor psychological and financial wellbeing and inform policy for supporting older people at times of crisis.

What role do Australian health professionals play in helping people choose their home care package services?

The home care package (HCP) scheme provides funds to eligible older Australians for social, personal and clinical care services, and aims to assist people to age in-home. Uncorroborated evidence suggests older Australians rely on health professionals - especially general practitioners - to prompt HCP assessments, choose service providers and manage HCP funds thereafter. This was confirmed in a survey involving 502 older Australians aged >65years receiving HCP funds. As more Australians survive to older age, further research is needed to establish with general practitioners their needs regarding the delivery of in-home care information, clinic practice resources, trainee education and continuing professional development.

COVID-19: Financial well-being of older Australians in times of crisis.

OBJECTIVE: The aim of the present study was to explore the impact of the COVID-19 pandemic on the financial well-being of older Australian retirees. METHODS: Thirty Australian retirees (16 females and 14 males), older than 65 years of age, were asked 'Have your finances been affected by the events surrounding COVID-19?'. Data were analysed using Braun and Clarke's six-step approach, and Bronfenbrenner's socio-ecological model was utilised to analyse thematic responses at individual, household, community and societal levels. RESULTS: Two COVID-19-related themes emerged from interviews: COVID-19 and increased financial stress and COVID-19 and frustration with digital banking. CONCLUSIONS: This study revealed that the financial well-being of older Australians and especially self-funded retirees has been negatively impacted by the COVID-19 pandemic. Participants felt financially worse off primarily due to the volatility of the financial markets, the need to support adult children and the increased cost of living. Also, participants expressed their hesitation and frustration with digital banking services, and their desire for greater personal contact with financial institutions, particularly during times of uncertainty.

Female perspectives on housing quality and household characteristics, perceptions and challenges: Evidence from Australia.

Electroplated composite Au/SiO2 coatings on a nickel substrate have been produced by dispersing an emulsion of silica nanoparticles (20 nm in diameter) in an industrial hard-gold bath. The tribological behaviour of the Au/SiO2 coatings with different SiO2 content were investigated under sliding conditions against an alumina counterpart at different loads and sliding velocities. The tribological induced transformation of the coated surfaces were analysed using 3D-profilometry, scanning electron microscopy (SEM), focused-ion beam (FIB) cross sectioning and Auger electron epectroscopy (AES). The composite coatings provide higher hardness and ten-fold longer lubricating lifetime compared to the original hard gold coating. Hardness was identified as a key factor reducing the adhesive component of friction and increasing the resistance of gold against smearing. These effects allow to postpone the exposure of the nickel substrate and thus the loss of the self-lubricating character of the coating.