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Older adults and fraud: Suggestions for policy and practice
Journal of Economic & Financial Studies
View Archive Info| Field | Value | |
| Title |
Older adults and fraud: Suggestions for policy and practice
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| Creator |
DaDalt, Olivia
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| Subject |
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Aging population; Economic fraud; Prosperity. — |
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| Description |
In this study I examine the issue of the vulnerability of older adults especially with regard to be a potential victim of economic fraud. A general review of current facts and figures suggest that financial fraud against older adults is rising across U.S.A totaling $36 billion. Unfortunately, most of the older adults are the baby boomers’ generation, who grow up in a relative peace and prosperity condition while facing much difficult financial realities in their old life. Result also suggest the intensity of facing financial frauds by older adults are correlated with their low level of financial literacy. Given the wider context of this phenomenon, I propose some policy measures to safeguard the financial interest of the older adults.
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| Publisher |
LAR Center Press
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| Contributor |
—
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| Date |
2016-07-16
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://journalofeconomics.org/index.php/site/article/view/229
10.18533/jefs.v4i3.229 |
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| Source |
Journal of Economic & Financial Studies; Vol 4, No 03 (2016): June; 38-44
2379-9471 2379-9463 |
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| Language |
eng
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| Relation |
http://journalofeconomics.org/index.php/site/article/view/229/291
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| Rights |
Copyright (c) 2016 Olivia DaDalt
http://creativecommons.org/licenses/by/4.0 |
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