Perceived Types, Causes, and Consequences of Financial Exploitation: Narratives From Older Adults.

ABSTRACT:

Objectives

The goal of this study was to investigate the perception of financial exploitation and its causes and consequences by older adults who have firsthand experience of being exploited.

Method

Thirty-one cognitively healthy older adult participants aged 50 or older were drawn from the Finance, Cognition, and Health in Elders Study. In-depth, one-on-one interviews were conducted. Interview transcripts were analyzed using an iterative, data-driven, thematic coding scheme and emergent themes were summarized.

Results

Categories of financial exploitation included (a) investment fraud, (b) wage theft/money owed, (c) consumer fraud, (d) imposter schemes, and (e) manipulation by a trusted person. Themes emerged around perceived causes: (a) element of trust, (b) promise

SUBMITTER: Nguyen AL 

PROVIDER: S-EPMC8063670 | biostudies-literature | 2021 Apr

REPOSITORIES: biostudies-literature