2022
DOI: 10.1080/08946566.2022.2070568
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Financial fragility and scam susceptibility in community dwelling older adults

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Cited by 6 publications
(4 citation statements)
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“…The first type aims to describe the status of financial fragility using national or international data (Demertzis et al ., 2020; Lin et al ., 2022). The second type focuses on exploring the outcomes associated with financial fragility, where financial fragility serves as a contextual background factor (Bialowolski et al ., 2021; Chhatwani and Mishra, 2021b; Preston, 2022; Yu et al ., 2022). The third type seeks to identify factors that are linked to financial fragility, encompassing both risk factors that may increase the likelihood of financial fragility and coping factors that can help reduce it (Ali et al ., 2020; Cardona-Montoya et al ., 2022; Clark et al ., 2021a, b; Lusardi et al ., 2021; West and Mottola, 2016).…”
Section: Literature Review and Hypothesesmentioning
confidence: 99%
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“…The first type aims to describe the status of financial fragility using national or international data (Demertzis et al ., 2020; Lin et al ., 2022). The second type focuses on exploring the outcomes associated with financial fragility, where financial fragility serves as a contextual background factor (Bialowolski et al ., 2021; Chhatwani and Mishra, 2021b; Preston, 2022; Yu et al ., 2022). The third type seeks to identify factors that are linked to financial fragility, encompassing both risk factors that may increase the likelihood of financial fragility and coping factors that can help reduce it (Ali et al ., 2020; Cardona-Montoya et al ., 2022; Clark et al ., 2021a, b; Lusardi et al ., 2021; West and Mottola, 2016).…”
Section: Literature Review and Hypothesesmentioning
confidence: 99%
“…A negative link between financial fragility and financial optimism has also been identified among Americans (Chhatwani and Mishra, 2021b). Utilizing data from a sample of older adults in the United States, researchers have shown that financially fragile older adults are more susceptible to scams (Yu et al ., 2022). Being financially fragile increases the likelihood of making an early withdrawal from retirement savings, as demonstrated with data from Australia (Preston, 2022).…”
Section: Literature Review and Hypothesesmentioning
confidence: 99%
“…Inadequate financial literacy may lead to ineffective information screening and susceptibility to fraud, and increased financial literacy is a protective factor against financial and investment fraud (Gamble et al, 2013;Lusardi, 2012). For example, research conducted by the Rush University Medical Center used community-based voluntary cohorts to examine the correlation of susceptibility to scams with health and financial literacy among older adults without dementia (James et al, 2014;Yu et al, 2021Yu et al, , 2022. Scam susceptibility is measured by five-item self-report questions assessing perceptions of con-artists and phone call answering behaviors (James et al, 2014).…”
Section: Comparison With Previous Studiesmentioning
confidence: 99%
“…Scam susceptibility is measured by five-item self-report questions assessing perceptions of con-artists and phone call answering behaviors (James et al, 2014). These studies found that low health and financial literacy is associated with susceptibility to scams and thus recommend improving older people's financial and health literacy to prevent scam victimization (James et al, 2014;Yu et al, 2021Yu et al, , 2022. Nonetheless, these studies indicate that scam susceptibility is not equivalent to fraud victimization; future research can examine the association using actual scam experiences (James et al, 2014).…”
Section: Comparison With Previous Studiesmentioning
confidence: 99%