IDEAS home Printed from https://ideas.repec.org/a/oup/geronb/v76y2021i5p996-1004..html
   My bibliography  Save this article

Perceived Types, Causes, and Consequences of Financial Exploitation: Narratives From Older Adults
[The National Elder Mistreatment Study: An 8-year longitudinal study of outcomes]

Author

Listed:
  • Annie L Nguyen
  • Laura Mosqueda
  • Nikki Windisch
  • Gali Weissberger
  • Jenna Axelrod
  • S Duke Han
  • Deborah S Carr

Abstract

ObjectivesThe 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.MethodThirty-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.ResultsCategories 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 of financial security, (c) lack of experience or awareness, (d) decision-making, and (e) interpersonal dynamics. Perceived consequences included negative and positive impacts around (a) finances, (b) financial/consumer behaviors (c) relationships and trust, (d) emotional impact, and (e) future outlook.DiscussionThese narratives provide important insights into perceived financial exploitation experiences.

Suggested Citation

  • Annie L Nguyen & Laura Mosqueda & Nikki Windisch & Gali Weissberger & Jenna Axelrod & S Duke Han & Deborah S Carr, 2021. "Perceived Types, Causes, and Consequences of Financial Exploitation: Narratives From Older Adults [The National Elder Mistreatment Study: An 8-year longitudinal study of outcomes]," The Journals of Gerontology: Series B, The Gerontological Society of America, vol. 76(5), pages 996-1004.
    • Handle: RePEc:oup:geronb:v:76:y:2021:i:5:p:996-1004.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/geronb/gbab010
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:oup:geronb:v:76:y:2021:i:5:p:996-1004.. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/psychsocgerontology .

    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.