Understanding Factors Influencing Financial Exploitation among Diverse Samples of Older Adults

Understanding Factors Influencing Financial Exploitation Among Diverse Samples of Older Adults

Project Period:09/01/2017 - 03/31/2022 PI: Scott Beach, PhD                                
Funding Source: NIA, R01
Researchers: Rich Schulz, PhD
The specific aims of this project are 1) to examine the impact of financial scam susceptibility (exposure and vulnerability) on incidence of financial exploitation (FE); 2) to examine the impact of socio-demographic factors (e.g., age, education) and social integration/isolation on scam susceptibility and FE; 3) To examine the impact of general cognitive abilities and financial skills/advice and support (a) on scam susceptibility and FE; and (b) as mediators of relationships between socio-demographic factors, social integration/isolation, scam susceptibility and FE; and 4) To examine the impact of psychosocial factors (trust, impulsivity, and depression) on scam susceptibility and FE.  Understanding multiple pathways tor FE is important for the development of interventions to heighten awareness and minimize risk.