Reported 10 months ago
Financial exploitation is a significant concern for older adults, with research showing that they are often targeted due to their financial resources and decision-making power. Despite the prevalence of elder financial abuse, older adults have been overlooked in research on this issue. Factors such as cognitive decline, social influences, and susceptibility to different types of deception play a role in determining vulnerability to scams. Efforts to prevent financial exploitation should include tailored interventions, such as enhancing financial and digital literacy and addressing social isolation, to reduce the risk for older adults.
Source: YAHOO