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Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain

Author

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  • Encarnación Sarriá

    (Faculty of Psychology, National University for Distance Education (UNED), 28015 Madrid, Spain
    Joint Research Institute IMIENS, 28029 Madrid, Spain)

  • Patricia Recio

    (Faculty of Psychology, National University for Distance Education (UNED), 28015 Madrid, Spain
    Joint Research Institute IMIENS, 28029 Madrid, Spain)

  • Ana Rico

    (Joint Research Institute IMIENS, 28029 Madrid, Spain
    National School of Public Health, Carlos III Institute of Health, 28029 Madrid, Spain)

  • Manuel Díaz-Olalla

    (Institute of Public Health, Madrid Salud, City Council of Madrid, 28029 Madrid, Spain)

  • Belén Sanz-Barbero

    (Joint Research Institute IMIENS, 28029 Madrid, Spain
    National School of Public Health, Carlos III Institute of Health, 28029 Madrid, Spain
    CIBER of Epidemiology and Public Health (CIBERESP), 28029 Madrid, Spain)

  • Alba Ayala

    (National School of Public Health, Carlos III Institute of Health, 28029 Madrid, Spain
    Research Network on Health Services and Chronicity (REDISSEC), 48010 Bilbao, Spain)

  • María Victoria Zunzunegui

    (Joint Research Institute IMIENS, 28029 Madrid, Spain
    National School of Public Health, Carlos III Institute of Health, 28029 Madrid, Spain)

Abstract

Over the past few decades, the financial system has engaged in abusive practices that meet the definition of fraud. Our objective is to compare the prevalence of psychological distress and levels of health-related quality of life according to having been exposed to financial fraud and its economic impact on family finances. The City of Madrid Health Survey 2017 included specific questions on exposure to financial fraud—this section was administered to half of the participants ( n = 4425). Mental health need or caseness was defined by a score greater than two on the 12-item version of the Goldberg health questionnaire. Health-related quality of life was assessed by the Darmouth Coop Functional Health Assessment Charts/WONCA (COOP/WONCA). The prevalence of financial fraud was 10.8%. The prevalence rate ratio for caseness of those who experienced severe economic impact due to fraud was 1.62 (95%, CI 1.17–2.25; reference: no fraud), after adjustment by age, sex, social class, and immigrant status. Women experienced a decreased quality of life, even with a moderate impact of fraud, while men experienced a decreased quality of life related to fraud with severe economic impact. The current study contributes to a growing body of literature showing the effects of economic shocks on health as a result of financial fraud.

Suggested Citation

  • Encarnación Sarriá & Patricia Recio & Ana Rico & Manuel Díaz-Olalla & Belén Sanz-Barbero & Alba Ayala & María Victoria Zunzunegui, 2019. "Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain," IJERPH, MDPI, vol. 16(18), pages 1-14, September.
    • Handle: RePEc:gam:jijerp:v:16:y:2019:i:18:p:3276-:d:264817
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    References listed on IDEAS

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