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An Evaluation of Elderly Households' Financial Status Using Financial Ratios  

You, Woo-Jeong (Department of Consumer Information Science, Keimyung University)
Bae, Mi-Kyeong (Department of Consumer Information Science, Keimyung University)
Publication Information
Journal of the Korean Home Economics Association / v.45, no.4, 2007 , pp. 17-28 More about this Journal
Abstract
The purpose of the study was to provide informations about the financial status of elderly households using financial ratios. The data was obtained from 2000 national households, consisting of 4,824 of elderly households. Descriptive tatistics were used to analyze the financial ratios and eleven different financial ratios. The results of this study were as follows. The financial status of elderly households need to be analyzed in detail according to age group, income level and asset level. In addition, some financial ratios already developed in previous studies may not applicable which necessitates the development of financial ratios specifically for application to elderly households for finanical counselors. The study results suggest the possibility of inequality among elderly households. The following studies need to focus on the limitation of these studies.
Keywords
elderly household; financial ratios; financial status;
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