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Family and Consumer Sciences Research Journal
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Economic Well-Being Of Elderly Families And Individuals: An Alternative Measure

Pamela N. Olson

Department of Family Studies, College of Education, University of New Mexico, Albuquerque, NM 87131

Geraldine I. Olson

Oregon State University, Corvallis, OR 97331

Resource distribution and adequacy, of elderly individuals and families, was measured by determining an annual dollar value of money and nonmoney eco nomic resources. The data was collected by interviewing 75 residents, 70 years or older, in Bernalillo County (Albuquerque), New Mexico, during 1980. The Gini Coefficient changed from .344 (money income only) to .186 with both money and nonmoney incomes. When household production and community-provided goods and services were omitted, due to the method of valuation (based on prior research), the Gini Coefficient was .616, indicating greater inequality. The Cochran Q test was used to determine whether there were changes in the number of families below poverty as nonmoney economic resources were in cluded. Based on money income, 15 families were defined as being in poverty. No family was defined in poverty with all nonmoney resources in the measure; the change was significant (p < 0.05). However, removing household production and community-provided goods and services, nine families remained in poverty.

Family and Consumer Sciences Research Journal, Vol. 15, No. 1, 32-42 (1986)
DOI: 10.1177/1077727X8601500104
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