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Prevalence of Financial Fraud and Scams Among Older Adults in the United States: A Systematic Review and Meta-Analysis

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  • Burnes, D.
  • Henderson, C.R.
  • Sheppard, C.
  • Zhao, R.
  • Pillemer, K.
  • Lachs, M.S.

Abstract

BACKGROUND: The financial exploitation of older adults was recently recognized by the Centers for Disease Control and Prevention as a serious public health problem. Knowledge of the prevalence of elder financial exploitation is mostly limited to the category of financial abuse, which occurs in relationships involving an expectation of trust. Little is known about the other major category of elder financial exploitation-elder financial fraud and scams, which is perpetrated by strangers. A valid estimate of elder financial fraud-scam prevalence is necessary as a foundation for research and prevention efforts.

Suggested Citation

  • Burnes, D. & Henderson, C.R. & Sheppard, C. & Zhao, R. & Pillemer, K. & Lachs, M.S., 2017. "Prevalence of Financial Fraud and Scams Among Older Adults in the United States: A Systematic Review and Meta-Analysis," American Journal of Public Health, American Public Health Association, vol. 107(8), pages 1295-1295.
    • Handle: RePEc:aph:ajpbhl:10.2105/ajph.2017.303821a_8
    DOI: 10.2105/AJPH.2017.303821a
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    Cited by:

    1. Jessica C. M. Li & Gabriel T. W. Wong & Matthew Manning & Dannii Y. Yeung, 2022. "Financial Fraud against Older People in Hong Kong: Assessing and Predicting the Fear and Perceived Risk of Victimization," IJERPH, MDPI, vol. 19(3), pages 1-13, January.
    2. Junyu Lu & Meilin Dai & Fuhan Li & Ludan Qin & Bin Cheng & Zhuoyan Li & Zikun Yao & Rong Wu, 2023. "The Impact of Urban Built Environments on Elderly People’s Sense of Safety and Adaptation to Aging: A Case Study of Three Major Urban Agglomerations in China," Land, MDPI, vol. 12(8), pages 1-18, July.
    3. Jessie X. Fan & Zhou Yu, 2022. "Prevalence and Risk Factors of Consumer Financial Fraud in China," Journal of Family and Economic Issues, Springer, vol. 43(2), pages 384-396, June.
    4. Julie N. Brancale & Thomas G. Blomberg, 2024. "Criminalizing Abuse, Neglect, and Financial Exploitation of Older Adults," Laws, MDPI, vol. 13(4), pages 1-14, July.
    5. C. A. Robb & S. Wendel, 2023. "Who Can You Trust? Assessing Vulnerability to Digital Imposter Scams," Journal of Consumer Policy, Springer, vol. 46(1), pages 27-51, March.
    6. Li, Peng & Li, Qinghai & Du, Shanxing, 2024. "Does digital literacy help residents avoid becoming victims of frauds? Empirical evidence based on a survey of residents in six provinces of east China," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 364-377.

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