Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study

Objective: Many older adults who are cognitively intact experience financial exploitation (FE), and the reasons for this are poorly understood. Methods: Data were gathered from 37 older adults ( M age = 69.51, M education = 15.89, 62% female) from the Finance, Cognition, and Health in Elders Study (...

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Main Authors: Jenna Axelrod PhD, Laura Mosqueda MD, Gali H. Weissberger PhD, Annie L. Nguyen PhD, Patricia A. Boyle PhD, Emanuil Parunakian BS, S. Duke Han PhD
Format: Article
Language:English
Published: SAGE Publishing 2020-11-01
Series:Gerontology and Geriatric Medicine
Online Access:https://doi.org/10.1177/2333721420971073
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author Jenna Axelrod PhD
Laura Mosqueda MD
Gali H. Weissberger PhD
Annie L. Nguyen PhD
Patricia A. Boyle PhD
Emanuil Parunakian BS
S. Duke Han PhD
author_facet Jenna Axelrod PhD
Laura Mosqueda MD
Gali H. Weissberger PhD
Annie L. Nguyen PhD
Patricia A. Boyle PhD
Emanuil Parunakian BS
S. Duke Han PhD
author_sort Jenna Axelrod PhD
collection DOAJ
description Objective: Many older adults who are cognitively intact experience financial exploitation (FE), and the reasons for this are poorly understood. Methods: Data were gathered from 37 older adults ( M age = 69.51, M education = 15.89, 62% female) from the Finance, Cognition, and Health in Elders Study (FINCHES). Twenty-four older adults who self-reported FE were demographically-matched according to age, education, race, and MoCA performance to thirteen older adults who denied experiencing FE. Participants completed the Tilburg Frailty Inventory. Results: FE participants reported greater total frailty ( t = 2.06, p = .04) when compared to non-FE participants. Post-hoc analyses revealed that FE participants endorsed greater physical frailty ( U = 89, p = .03), specifically poorer sensory functioning (hearing and vision). Discussion: Findings suggest frailty is associated with FE in old age and may represent a target for intervention programs for the financial wellbeing of older adults.
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spelling doaj.art-af60f828375c45b1847dd855e824d9622022-12-21T19:01:56ZengSAGE PublishingGerontology and Geriatric Medicine2333-72142020-11-01610.1177/2333721420971073Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders StudyJenna Axelrod PhD0Laura Mosqueda MD1Gali H. Weissberger PhD2Annie L. Nguyen PhD3Patricia A. Boyle PhD4Emanuil Parunakian BS5S. Duke Han PhD6USC Keck School of Medicine, Alhambra, CA, USAUSC School of Gerontology, Los Angeles, CA, USAUSC Keck School of Medicine, Alhambra, CA, USAUSC Keck School of Medicine, Alhambra, CA, USARush University Medical Center, Chicago, IL, USAUSC Keck School of Medicine, Alhambra, CA, USAUSC School of Gerontology, Los Angeles, CA, USAObjective: Many older adults who are cognitively intact experience financial exploitation (FE), and the reasons for this are poorly understood. Methods: Data were gathered from 37 older adults ( M age = 69.51, M education = 15.89, 62% female) from the Finance, Cognition, and Health in Elders Study (FINCHES). Twenty-four older adults who self-reported FE were demographically-matched according to age, education, race, and MoCA performance to thirteen older adults who denied experiencing FE. Participants completed the Tilburg Frailty Inventory. Results: FE participants reported greater total frailty ( t = 2.06, p = .04) when compared to non-FE participants. Post-hoc analyses revealed that FE participants endorsed greater physical frailty ( U = 89, p = .03), specifically poorer sensory functioning (hearing and vision). Discussion: Findings suggest frailty is associated with FE in old age and may represent a target for intervention programs for the financial wellbeing of older adults.https://doi.org/10.1177/2333721420971073
spellingShingle Jenna Axelrod PhD
Laura Mosqueda MD
Gali H. Weissberger PhD
Annie L. Nguyen PhD
Patricia A. Boyle PhD
Emanuil Parunakian BS
S. Duke Han PhD
Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study
Gerontology and Geriatric Medicine
title Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study
title_full Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study
title_fullStr Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study
title_full_unstemmed Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study
title_short Frailty and Perceived Financial Exploitation: Findings from the Finance, Cognition, and Health in Elders Study
title_sort frailty and perceived financial exploitation findings from the finance cognition and health in elders study
url https://doi.org/10.1177/2333721420971073
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