11
Views
0
CrossRef citations to date
0
Altmetric
Research Article

Successful Aging Through Financial Empowerment (SAFE): Financial Coaching with Older Adult Victims of Financial Exploitation

&
Received 16 Jan 2024, Accepted 24 Jun 2024, Published online: 03 Jul 2024

References

  • AARP. (2019). U.S. senate aging committee hearing report on financial fraud. https://www.aarp.org/money/scams-fraud/info-2019/senate-aging-committeehearing.html
  • Acierno, R., Hernandaz, M. A., Amstadter, A. B., Resnick, H. S., Steve, K., Muzzy, W., & Kilpatrick, D. G. (2010). Prevalence and correlates of emotional, physical, sexual and financial abuse and potential neglect in the United States: The national elder mistreatment study. American Journal of Public Health, 100(2), 292–297. https://doi.org/10.2105/AJPH.2009.163089
  • Acierno, R., Steedley, M., Hernandez-Tejada, M. A., Frook, G., Watkins, J., & Muzzy, W. (2020). Relevance of perpetrator identity to reporting elder financial and emotional mistreatment. Journal of Applied Gerontology: The Official Journal of the Southern Gerontological Society, 39(2), 221–225. https://doi.org/10.1177/0733464818771208
  • Atlas, S. A., Lu, J., Micu, P. D., & Porto, N. (2019). Financial knowledge, confidence, credit use and financial satisfaction. Journal of Financial Counseling and Planning, 30(2), 175–190. https://doi.org/10.1891/1052-3073.30.2.175
  • Beach, S. R., Schulz, R., & Sneed, R. (2016). Associations between social support, social networks and financial exploitation in older adults. Journal of Applied Gerontology, 37(8), 990–1011. https://doi.org/10.1177/0733464816642584
  • Brancale, J., & Blomberg, T. G. (2023). The role of normative age-graded transitions and human agency in patterns and variations of financial exploitation of older adults. Journal of Research in Crime and Delinquency, 60(6), 781–818. https://doi.org/10.1177/00224278221107516
  • Burke, W. J., Roccaforte, W. H., & Wengel, S. P. (1991). The short form of the geriatric depression scale: A comparison with the 30-item form. Journal of Geriatric Psychiatry, 4(3), 173. https://doi.org/10.1177/089198879100400310
  • Burnett, J., Jackson, S. L., Sinha, A. K., Aschenbrenner, A. R., Murphy, K. P., Xia, R., & Diamond, P. M. (2016). Five-year all-cause mortality rates across five categories of substantiated elder abuse occurring in the community. Journal of Elder Abuse & Neglect, 28(2), 59–75. https://doi.org/10.1080/08946566.2016.1142920
  • Center for Criminology and Public Policy Research. (2016). Elder financial exploitation in a large retirement community: Executive summary. https://criminology.fsu.edu/sites/g/files/upcbnu3076/files/2021-03/Elder-Fraud-Executive-Summary-Handout.pdf
  • Cohen, S., Kamarck, T., & Mermelstein, R. (1983). A global measure of perceived stress. Journal of Health and Social Behavior, 24(4), 386–396. https://doi.org/10.2307/2136404
  • Collins, M., Olive, P., & O’Rouke, C. M. (2013). Financial coaching’s potential for enhancing family and financial security. Journal of Extension, 51(1), 1–16. https://doi.org/10.34068/joe.51.01.27
  • Conrad, K. J., Iris, M., Ridings, J. W., Langley, K., & Wilber, K. (2010). Self-report measures of financial exploitation of older adults. The Gerontologist, 50(6), 758–773. https://doi.org/10.1093/geront/gnq054
  • Deane, S. (2018). Elder financial exploitation. U.S. Securities and Exchange Commission. https://www.sec.gov/files/elder-financial-exploitation.pdf
  • DeLiema, M. (2018). Elder fraud and financial exploitation: Application of routine activity theory. The Gerontologist, 58(4), 706–718. https://doi.org/10.1093/geront/gnw258
  • Federal Trade Commission. (2023). Protecting older consumers 2022–2023, a report of the federal trade commission. https://www.ftc.gov/system/files/ftc_gov/pdf/p144400olderadultsreportoct2023.pdf
  • Fenge, L., & Lee, S. (2018). Understanding the risks of financial scams as part of elder abuse prevention. The British Journal of Social Work, 48(4), 906–923. https://doi.org/10.1093/bjsw/bcy037
  • Graf, C. (2008). The Lawton instrumental activities of daily living scale. American Journal of Nursing, 108(4), 52–62. https://doi.org/10.1097/01.NAJ.0000314810.46029.74
  • Gutierrez, L. M. (1990). Working with women of color: An empowerment perspective. Social Work, 35(2), 149–153. https://doi.org/10.1093/sw/35.2.149
  • Hall, L., Campbell, R., Gross, E., & Lichtenberg, P. A. (2022a). Financial stressors and resources associated with financial exploitation. Innovation in Aging, 6(2), igac010. https://doi.org/10.1093/geroni/igac010
  • Hall, L., Campbell, R., Gross, E., & Lichtenberg, P. A. (2022b). The impact of financial coaching on older adult victims of financial exploitation: A quasi-experimental research study. Journal of Financial Counseling and Planning, 33(1), 66–78. https://doi.org/10.1891/jfcp-20-00047
  • Hall, L., Gomez, J. M., & Lichtenberg, P. A. (2023). Trust and betrayal in older adult financial exploitation. Aging & Mental Health, 27(12), 2466–2473. https://doi.org/10.1080/13607863.2023.2199688
  • Hall, L., Moray, J., Gross, E., & Lichtenberg, P. A. (2022). The relationship between financial decision making and financial exploitation in older Black adults. Journal of Aging and Health, 34(3), 472–481. https://doi.org/10.1177/08982643221085407
  • Hasche, L., DePrince, A., Lavery, A., Srinivas, T., & Gagnon, K. (2018). Service needs among older adults at risk for financial elder abuse. Innovation in Aging, 2(1), 527. https://doi.org/10.1093/geroni/igy023.1948
  • James, B., Boyle, P., & Bennet, D. (2014). Correlates of susceptibility to scams in older adults without dementia. Journal of Elder Abuse and Neglect, 26(2), 107–122. https://doi.org/10.1080/08946566.2013.821809
  • Knight, B. G., Seungyoun, K., Rastegar, S., Jones, S., Jump, V., & Wong, S. (2016). Influences on the perception of elder financial abuse among older adults in Southern California. International Psychogeriatrics, 28(1), 163–169. https://doi.org/10.1017/S1041610215000587
  • Laumann, E. O., Leitsch, S. A., & Waite, L. J. (2008). Elder mistreatment in the United States: Prevalence estimates from a nationally representative study. The Journals of Gerontology Series B: Psychological Sciences and Social Sciences, 63(4), S248–S254. https://doi.org/10.1093/geronb/63.4.S248
  • Lichtenberg, P. A., Hall, L., Gross, E., & Campbell, R. (2019). Providing assistance for older adult financial exploitation victims: Implications for clinical gerontologists. Clinical Gerontologist, 42(4), 435–443. https://doi.org/10.1080/07317115.2019.1569190
  • Lichtenberg, P. A., Stoltman, J., Ficker, L. J., Iris, M., & Mast, B. (2015). A person-centered approach to financial capacity assessment: Preliminary development of a new rating scale. Clinical Gerontologist, 38(1), 49–67. https://doi.org/10.1080/07317115.2014.970318
  • Lim, A., Mosqueda, L., Nguyen, A. L., Mason, T. B., Weissberger, G. H., Fenton, L., Lichtenberg, P., & Han, D. (2023). Interpersonal dysfunction predicts subsequent financial exploitation vulnerability in a sample of adults over 50: A prospective observational study. Aging and Mental Health, 27(5), 983–991. https://doi.org/10.1080/13607863.2022.2076210
  • Modestino, A. S., Sedererg, R., & Tuller, L. (2019). Assessing the effectiveness of financial coaching: Evidence from the Boston youth credit building initiative. Journal of Consumer Affairs, 53(4), 1825–1873. https://doi.org/10.1111/joca.12265
  • Morgan, R., & Mason, B. (2014). Crimes against the elderly, 2003–2013. U.S. Department of Justice, Bureau of Justice Statistics. U.S. Department of Justice. https://bjs.ojp.gov/content/pub/pdf/cae0313.pdf.
  • Moulton, S., Collins, J. M., Loibl, C., & Samek, A. (2015). Effects of monitoring on mortgage delinquency: Evidence from a randomized field study. Journal of Policy Analysis and Management, 34(1), 184–207. https://doi.org/10.1002/pam.21809
  • National Center on Elder Abuse. (2023). Research brief: Intervention in elder mistreatment. https://drive.google.com/file/d/1p6E0lz96wDW3AbgsQ974MBKRzoPuLkQR/view
  • Navarro, A. E., Gassoumis, Z. D., & Wilber, K. H. (2013). Holding abusers accountable: An elder abuse forensic center increases criminal prosecution of financial exploitation. The Gerontologist, 53(2), 303–312. https://doi.org/10.1093/geront/gns075
  • Pachana, N. A., Byrne, G. J., Siddle, H., Koloski, N., Harley, E., & Arnold, E. (2007). Development and validation of the geriatric anxiety inventory. International Psychogeriatrics, 19(1), 103–114. https://doi.org/10.1017/S1041610206003504
  • Perkins, D. D., & Zimmerman, M. A. (1995). Empowerment, research and application. American Journal of Community Psychology, 23(5), 569–579. https://doi.org/10.1007/BF02506982
  • Reeves, S., & Wysong, J. (2010). Strategies to address financial abuse. Journal of Elder Abuse & Neglect, 22(3–4), 328–334. https://doi.org/10.1080/08946566.2010.490182
  • Rigaud, J. (2020). The theory of empowerment: A critical analysis with the theory evaluation scale. Journal of Human Behavior in the Social Environment, 30(2), 138–157. https://doi.org/10.1080/10911359.2019.1660294
  • Thedos, B., Simms, M., Trekson, M., Stacy, C., Brash, R., Emam, D., Daniels, R., & Callazos, J. (2015). An evaluation of the impacts and implementation approaches of financial coaching programs. Urban Institute. https://www.urban.org/research/publication/evaluation-impacts-and-implementation-approaches-financial-coaching-programs/view/full_report
  • Tumataroa, S., & O’Hare, D. (2019). Improving self-control through financial counseling: A randomized controlled trial. Journal of Financial Counseling and Planning, 30(2), 304–312. https://doi.org/10.1891/1052-3073.30.2.304
  • Tuseth, N., & Dong, X. (2018). Associations between financial exploitation and psychological distress among US Chinese older adults. Innovation in Aging, 2(suppl_1), 906–906. https://doi.org/10.1093/geroni/igy031.3372
  • Wang, X. M., Brisbin, S., Loo, T., & Straus, S. (2015). Elder abuse: An approach to identification, assessment and intervention. Canadian Medical Association Journal, 187(8), 575–581. https://doi.org/10.1503/cmaj.141329
  • Weissberger, G., Bergman, Y. S., & Shrira, A. (2023). The association between ageist attitudes, subjective age and financial exploitation vulnerability among older adults. Journal of Applied Gerontology, 42(6), 1267–1273. https://doi.org/10.1177/07334648221132130
  • Weissberger, G. H., Mosqueda, L., Nguyen, A. L., Samek, A., Boyle, P. A., Nguyen, C. P., & Han, S. D. (2020). Physical and mental health correlates of perceived financial exploitation of older adults: Preliminary findings from the Finance, Cognition and Health in Elders Study (FINCHES). Aging and Mental Health, 10 (5) , 1–7 .
  • Wood, L. (2014). Hoping, empowerment, strengthening: Theories used in intimate partner violence advocacy. Affilia, 30(3), 286–301. https://doi.org/10.1177/0886109914563157

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.