The Cost-Benefit of Aging: Financial Capability and Well-Being across Age Groups in Brazil

Table 4

Regression analyses (n = 412).

Depend	Model 1	Model 2	Model 3	Model 4	Model 5
	Behavior	Behavior	Preparedness	Resilience	FWB
Model	HC	HC	HC	HC	HC
Const	2.603	2.664	−0.109	−1.041	−2.332
Behavior			0.049	0.774	0.162
Knowledge	0.225	0.233
PsyFactor1	0.154	0.129
PsyFactor2	0.086	0.088
Grit		−0.017
Resilience future		0.011
Sex	−0.201	−0.227	0.235	0.613	0.133
Age	−0.004	−0.006	0.040	0.006	0.019
School	−0.004	−0.008	−0.049	0.070	−0.030
Income	0.073	0.050	0.180	0.591	0.233
With children	−0.122	−0.074	−0.014	−0.115	−0.063
Lives alone	−0.030	−0.013	−0.071	0.497	0.195
Lives others	−0.174	−0.172	−0.253	0.746	0.125
Main_source_	0.106	0.152	0.021	−0.462	−0.016
Own residence	−0.032	−0.017	0.325	−0.414	0.067
Single parent	−0.191	−0.202	−0.483	−0.952	−0.444
Fin support	−0.075	−0.041	0.009	−0.713	−0.170
Parents_taught	0.074	0.068	0.208	0.492	0.138
Any scheme		−0.133	−0.234	−1.071	−0.296
INSS		0.065	0.188	−0.114	0.040
Public servants		0.063	0.631	−0.278	0.125
Private prev		−0.052	−0.098	0.543	0.059
Private invest		0.092	0.373	1.773	0.568
R2	0.478	0.552	0.262	0.394	0.436
Fc	24.205	21.783	7.750	14.173	16.904

Source: prepared by the authors. Note. HC: heteroscedasticity correction. Model 1 describes the association between behavior, knowledge, PsyFactor1, PsyFactor2, and the socioeconomic variables. Model 2 includes additionally grit, resilience to the future, and retirement contribution as explanatory variables to behavior. Model 3 describes the association between preparedness, behavior, socioeconomic, and retirement contribution variables. Model 4 is similar to the previous one, but resilience is the explained variable, and in model 5 FWB.  < 0.1,  < 0.05, and  < 0.01.