AGEING AND THE FINANCIAL BEHAVIOUR OF ELDERLY PEOPLE IN ROMANIA

The accelerated ageing of the population in the context of the financial crisis, unemployment and job insecurity modified the financial behaviour of some households, especially of the elderly, whose incomes were affected by inflation and the government’s recent austerity measures. Based on the data from the fourth trimester of 2010 collected within the Households Budget Survey developed by the Romanian National Institute of Statistics, we aimed at identifying the perceptions of the elderly households with regard to their resources for coping with current consumption, the solutions taken into account, the role of the family and the solidarity relations in the community. A logistic regression model was built with the purpose to estimating the odds that an elderly household manages to save under the current austere economic conditions and taking into account the Romanian pattern of parents helping their children at any age. The model clarified certain aspects regarding the influence of household type, income per person and the number of unemployed living in the household.