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Objectives The objective of this study was to determine whether the onset and the end of income poverty were associated with psychosocial factors (depressive symptoms, optimism, loneliness, social isolation, and subjective well-being).Method For this study, nationally representative longitudinal data were drawn from the German Ageing Survey (wave 5 and wave 6 with n = 8534 in the analytical sample), covering community-dwelling individuals 40 years and over. Widely used and well-established measures were used to quantify psychosocial fac