IDEAS home Printed from https://ideas.repec.org/a/gam/jijerp/v19y2022i3p1233-d730986.html
   My bibliography  Save this article

Financial Fraud against Older People in Hong Kong: Assessing and Predicting the Fear and Perceived Risk of Victimization

Author

Listed:
  • Jessica C. M. Li

    (Department of Applied Social Sciences, The Hong Kong Polytechnic University, Hong Kong, China)

  • Gabriel T. W. Wong

    (ANU Center for Social Research and Methods, Australian National University, Canberra 2601, Australia)

  • Matthew Manning

    (ANU Center for Social Research and Methods, Australian National University, Canberra 2601, Australia)

  • Dannii Y. Yeung

    (Department of Social and Behavioural Sciences, City University of Hong Kong, Hong Kong, China)

Abstract

While the majority of studies on the fear of crime focus on the impact of violent and property crimes at the population level, financial fraud against senior citizens is often under-investigated. This study uses data collected from 1061 older citizens in the community through a cross-sectional survey in Hong Kong to examine the levels of fear and perceived risk among Chinese senior citizens toward financial fraud and the factors behind them. Logistic regression analyses were conducted to assess the explanatory power of four theoretical perspectives (vulnerability, victimization, social integration, and satisfaction with police) on fear and perceived risk of fraud victimization. The results indicate significant predictive effects of victimization experience and satisfaction with police fairness and integrity on both the fear and the perceived risk of fraud among respondents. The findings not only confirm the differential impact of theoretical explanations on these constructs but can also contribute to crime prevention policy and practice in an aging society.

Suggested Citation

  • 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.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:3:p:1233-:d:730986
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1660-4601/19/3/1233/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1660-4601/19/3/1233/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. repec:aph:ajpbhl:10.2105/ajph.2017.303821a_2 is not listed on IDEAS
    2. repec:aph:ajpbhl:10.2105/ajph.2017.303821_6 is not listed on IDEAS
    3. Burnes, D. & Henderson, C.R., Jr. & 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 13-21.
    4. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Katalin Parti & Faika Tahir, 2023. "“If We Don’t Listen to Them, We Make Them Lose More than Money:” Exploring Reasons for Underreporting and the Needs of Older Scam Victims," Social Sciences, MDPI, vol. 12(5), pages 1-17, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. 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.
    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. 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.
    5. 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.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jijerp:v:19:y:2022:i:3:p:1233-:d:730986. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.