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Table 1 Sample Demographics

From: Friendships that money can buy: financial security protects health in retirement by enabling social connectedness

 Cross-sectional sample of retirees (N = 3109) aLongitudinal sample transitioning to retirement (N = 404) b
Gender56.0% female50.5% female
AgeM = 70.70 (SD = 9.68),M = 65.74 (SD = 8.35)
Range 45–98Range 45–94
EducationLess than Year 1246.9%Less than Year 1233.9%
Year 128.4%Year 127.4%
Certificate or Diploma30.6%Certificate or Diploma38.1%
University14.0%University20.3%
Subjective financial securityVery poor0.9%Very poor2.2%
Poor3.2%Poor3.2%
Just getting along24.3%Just getting along27.2%
Reasonably comfortable56.6%Reasonably comfortable53.7%
Very comfortable13.8%Very comfortable12.6%
Prosperous1.2%Prosperous1.0%
Household income bandM = 6.47 (SD = 2.55)M = 6.93 (SD = 2.82)
Range: 1–13Range: 1–13
Social connectednessM = 5.36 (SD = 1.08)M = 5.39 (SD = 1.07)
Range: 1–7Range: 2.20–7
Mental healthM = 73.83 (SD = 18.52)M = 75.02 (SD = 17.20)
Range: 0–100Range: 8–100
Physical healthPoor9.8%Poor7.7%
Fair28.4%Fair26.0%
Good38.5%Good34.7%
Very good19.7%Very good25.2%
Excellent3.6%Excellent4.7%
  1. aCross-sectional sample is weighted to increase its representativeness of the Australian population. Approximately 11% of the cross-sectional sample was also included in the longitudinal sample. Cross-sectional analyses were repeated with these respondents excluded and the results were not affected. Therefore, the overlapping respondents were retained in order to preserve population-representativeness.
  2. bDescriptive statistics for the longitudinal sample are reported for respondents at the post-retirement transition time point.