A nationwide cross-sectional study on the association of patient-level factors with financial anxiety in the context of chronic medical conditions

Abbas M. Hassan, Carrie K. Chu, Jun Liu, Rebekah Angove, Gabrielle Rocque, Kathleen D. Gallagher, Adeyiza O. Momoh, Nicole E. Caston, Courtney P. Williams, Stephanie Wheeler, Anaeze C. Offodile

Research output: Contribution to journalArticlepeer-review

Abstract

Patient-level characteristics associated with the prevalence and severity of financial anxiety have yet to be described. We conducted a cross-sectional analysis of survey data assessing financial anxiety in patients with chronic medical conditions in December 2020. 1771 patients (42.6% response rate) participated in the survey. Younger age (19–35 age compared to ≥ 75 age) (β, 5.86; 95% CI 2.10–9.63), male sex (β, − 1.9; 95% CI − 3.1 to − 0.73), Hispanic/Latino race/ethnicity (compared with White patients) (β, 2.55; 95% CI 0.39–4.71), household size ≥ 4 (compare with single household) (β, 4.54; 95% CI 2.44–6.64), household income of ≥ $96,000-$119,999 (compared with ≤ $23,999) (β, − 3.2; 95% CI − 6.3 to 0.04), single marital status (compared with married) (β, 2.18; 95% CI 0.65–3.71), unemployment (β, 2.07; 95% CI 0.39–3.74), high-school education (compared with advanced degrees) (β, 3.10; 95% CI 1.32–4.89), lack of insurance coverage (compared with private insurance) (β, 6.05; 95% CI 2.66–9.45), more comorbidities (≥ 3 comorbidities compared to none) (β, 2.95; 95% CI 1.00–4.90) were all independently associated with financial anxiety. Patients who are young, female, unmarried, and representing vulnerable sub-populations are at elevated risk for financial anxiety.

Original languageEnglish (US)
Article number10363
JournalScientific reports
Volume13
Issue number1
DOIs
StatePublished - Dec 2023

ASJC Scopus subject areas

  • General

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