The relationship between intergenerational financial support and well-being before and after the COVID-19 pandemic
This study investigated the effects of providing and receiving intergenerational financial support on the well-being of Japanese adults before and during the COVID-19 pandemic. Data were obtained from the Japan Household Panel Survey (JHPS 2019–2022). We analyzed participants aged 30 years and older whose parents were still alive. We compared two aspects such as: (1) associated factors of providing and receiving intergenerational financial support; and (2) association between intergenerational financial support on mental health and well-being, before and during the pandemic. The analysis showed that factors associated with receiving intergenerational financial support differ between before and during the pandemic. A mixed-effects regression showed that receiving intergenerational financial support was significantly associated with better well-being. In addition, the effect of receiving intergenerational financial support on well-being was particularly among age 40s participants. Although nationwide financial assistance from the government during the pandemic, family support may improve well-being during health crisis period.
