The Financial Impact of Cancer on Canadian Young Adults
Authors: Kaitlyn Mahon, Sheila Garland, Geoff Eaton, Karine Chalifour, Breanna Lane, Ken Fowler, Lynn Gambin, and Luc Clair
Overview
Abstract (English)
Purpose: To explore the financial impact of cancer in young adults (YAs) compared to matched non-cancer peers. Methods: Five hundred seventy-five YAs from the Young Adults with Cancer in their Prime (YACPRIME) study reported on out-of-pocket cancer costs and missed work. YA cancer survivors were compared to matched peers without cancer on key financial indices based on current age (< 35 vs. 35 + years) and time since diagnosis (< 5 vs. 5 + years). Descriptive statistics, Chi-square tests, and prevalence ratios (PR) were used to compare groups on financial variables. Results: Almost 60% of YA survivors spent at least $100/month on cancer-related expenses, and 49% missed at least one year of work. YA survivors were more likely to have outstanding credit card ((< 35 (PR = 1.37, p = 0.001); 35 + (PR = 1.33, p = 0.001)) and line of credit (< 35 (PR = 1.42, p = 0.008); 35 + (PR = 1.27, p = 0.016)) balances. Home ownership was higher among non-cancer peers ((< 35: PR = 1.42, p < 0.001); 35 + (PR = 1.69, p < 0.001); < 5 years (PR = 1.39, p < 0.001); 5 + years (PR = 1.41, p = 0.005)). YA survivors were more likely to not own assets ((< 5 years (PR = 2.25, p < 0.001); 5 + years (PR = 2.25, p = 0.004)). Those diagnosed within 5 years had higher rates of payday loans (PR = 3.91, p = 0.021). Conclusion: While exploratory, results suggest that YAs are disadvantaged compared to their peers in type and value of assets owned and debts carried.
Abstract (French)
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Details
Type | Journal article |
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Author | Kaitlyn Mahon, Sheila Garland, Geoff Eaton, Karine Chalifour, Breanna Lane, Ken Fowler, Lynn Gambin, and Luc Clair |
Publication Year | 2021 |
Title | The Financial Impact of Cancer on Canadian Young Adults |
Journal Name | Journal of Cancer Survivorship |
Publication Language | English |
- Kaitlyn Mahon
- Kaitlyn Mahon, Sheila Garland, Geoff Eaton, Karine Chalifour, Breanna Lane, Ken Fowler, Lynn Gambin, and Luc Clair
- The Financial Impact of Cancer on Canadian Young Adults
- Journal of Cancer Survivorship
- 2021