scholarly journals A personal financial risk assessment intervention decreases investment fraud susceptibility in older adults

2020 ◽  
Author(s):  
Matthew Martin ◽  
Jayden Rae ◽  
Sekoul Krastev ◽  
Dan Pilat ◽  
Brooke Struck ◽  
...  

Older adults are more often the targets and victims of financial fraud, with Americans aged 65and older being 34% more likely to lose money due to fraud than those in their forties. This greater susceptibility to fraudulent offers may be due to a shift from more deliberative thinking to automatic thinking that occurs during normal ageing. This experiment tests an intervention that engages deliberative thinking about risk preferences (aPersonal Risk Assessment) as a means of decreasing susceptibility to an email with tell-tale signs of a fraudulent investment. The intervention was delivered to younger (aged < 60) and older (aged 60+) groups. Compared to age-matched controls, the intervention reduced susceptibility in the older group but not the younger one. This difference between the groups may be due to different underlying risk preferences, with the younger group having more risk tolerance. Prompting older adults to deliberately reflect on their risk-aversive preferences thus appears to counteract the effects of age on susceptibility to fraud. This experiment provides a new means of reducing susceptibility to fraud among older individuals. Future research should examine ways of decreasing susceptibility in younger populations and investigate underlying mechanisms of fraud susceptibility in both age groups.

2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S434-S434
Author(s):  
Konstantinos Mantantzis ◽  
Denis Gerstorf ◽  
Thomas M Hess

Abstract Research into peripheral physiology and its association with cognition, emotionality, and social/physical functioning has received considerable attention over the years. However, many of the underlying mechanisms are not well understood. In this symposium, we have compiled a set of four empirical projects that showcase current and future endeavors to address some of the long-standing questions about when, how, and why physiology shapes and is shaped by key psychosocial resources. Hawkley et al. make use of data from the NSHAP and HRS longitudinal studies to investigate whether social relationships such as number of friends predicts risk of diabetes among older adults. Wilson et al. use dyadic data from young and middle-aged couples to examine cardiometabolic similarity among spouses, and how such concordance is shaped by key relationship factors such as emotional closeness. Pauly et al. use data from two daily-life studies of older couples to investigate how physiological synchrony in cortisol is modulated by partner interactions, empathy, and empathic accuracy. Finally, Mantantzis et al. make use of multi-year longitudinal data from the Berlin Aging Study II to examine the role of glucose regulation capacity for trajectories of subjective well-being among older adults. Thomas Hess will discuss the importance of these papers, discuss strengths and weaknesses of the approaches chosen, and consider implications for future research.


2012 ◽  
pp. 608-619 ◽  
Author(s):  
Elizabeth Mazur ◽  
Margaret L. Signorella ◽  
Michelle Hough

Early research on older adult computer users focused on the possibility for technology to increase social interaction and alleviate loneliness. Subsequent research has been equivocal on the possible benefits of the Internet for well-being. Nonetheless, in spite of an initial “gray gap,” older adults are increasingly joining younger cohorts in using the Internet. Barriers to older adults’ use of the Internet remain, such as physical and cognitive limitations. Attitudinal barriers may exist, but it is unclear whether these result from lack of experience or differences in income or health status. Business researchers have found that older persons differ from other age groups in their Internet engagement patterns, including online buying. Future research directions include whether computers can improve cognitive functioning and quality of life, how to increase engagement levels, and if there will always be a lag in technology use among older adults.


2019 ◽  
Vol 3 (Supplement_1) ◽  
pp. S705-S705
Author(s):  
Jeongwoo Lee ◽  
En-Jung Shon

Abstract A Short form of the Positive and Negative Affect Schedule (PANAS-SF) has been widely used to measure of affect in diverse cultural groups. Limited studies have been evaluated the measurement equivalence test of PANAS-SF in diverse age groups. This study examined whether parameters in the measurement model (two-factor model: positive and negative affect) is equivalent across the two age generations (young-middle aged: <65 years [n=1,122]; older adults : ≥65 years [n=1,817]). The sample was obtained from the 2012 Health and Retirement Study and Multiple Group Analysis was performed. The five items of determined, enthusiastic, inspired, alert, and excited reflected positive affect; and the five items of afraid, upset, scared, nervous, and distressed reflected negative affect. The configural model reported acceptable fit (X2= 904.98 [df = 64, p < .001], X 2/df =14.14, CFI =.93, GFI=.94, RMSEA=.06 [90% CI=.06 - .07]). When all factor loadings were constrained, it indicated measurement non-invariance status between young-middle aged and older adults (ΔX 2 = 56.03, Δdf = 8, p< .001, CFI=.93, ΔCFI=.004). Given findings of non-invariance on the full constrained model, the invariance test of each factor loading was performed additionally. Majority of negative items (Afraid, upset, scared, and nervous) and several positive items (determined and excited) were nonequivalent between the two groups. Variances in the measure between two age groups raise a number of issues for future research on affect assessment, suggesting cautious using of PANAS-SF in older adults.


Author(s):  
Lauren Werner ◽  
Gaojian Huang ◽  
Brandon J. Pitts

The number of older adults is growing significantly worldwide. At the same time, technological developments are rapidly evolving, and older populations are expected to interact more frequently with such sophisticated systems. Automated speech recognition (ASR) systems is an example of one technology that is increasingly present in daily life. However, age-related physical changes may alter speech production and limit the effectiveness of ASR systems for older individuals. The goal of this paper was to summarize the current knowledge on ASR systems and older adults. The PRISMA method was employed and 17 studies were compared on the basis of word error rate (WER). Overall, WER was found to be influenced by age, gender, and the number of speech samples used to train ASR systems. This work has implications for the development of future human-machine technologies that will be used by a wide range of age groups.


Author(s):  
Joan M. Cook ◽  
Tatyana Biyanova ◽  
Diane L. Elmore

This chapter focuses on older adult trauma survivors. Information is presented on prevalence of acute stress disorder (ASD) and posttraumatic stress disorder (PTSD); course, functional impairment, suicide risk, and health care utilization in older adults with PTSD; and the impact of demographic factors such as gender, ethnicity, and race on PTSD in older individuals. In general, rates of ASD and PTSD are lower in older adults compared to other age groups. PTSD in older adults has been linked to suicidal ideation and attempts, functional impairment, physical health, and increased healthcare utilization. Although delayed onset of PTSD has been empirically verified in some military samples with World War II veterans and younger adult civilians, it is rare in the absence of any prior symptoms and might more accurately be labeled “delayed recognition.” More information on trauma and PTSD in diverse populations of older adults is needed, such as racial and ethnic minorities, those with severe physical or mental impairment, noncommunity-residing groups, and those from nonindustrialized countries.


Gerontology ◽  
2015 ◽  
Vol 62 (4) ◽  
pp. 443-449 ◽  
Author(s):  
Anthony D. Ong ◽  
Bert N. Uchino ◽  
Elaine Wethington

Increasing evidence suggests that perceived social isolation or loneliness is a major risk factor for physical and mental illness in later life. This review assesses the status of research on loneliness and health in older adults. Key concepts and definitions of loneliness are identified, and the prevalence, correlates, and health effects of loneliness in older individuals are reviewed. Theoretical mechanisms that underlie the association between loneliness and health are also described, and illustrative studies examining these mechanisms are summarized. Intervention approaches to reduce loneliness in old age are highlighted, and priority recommendations for future research are presented.


Gerontology ◽  
2017 ◽  
Vol 63 (4) ◽  
pp. 359-371 ◽  
Author(s):  
Jeong Eun Lee ◽  
Boaz Kahana ◽  
Eva Kahana

Objective: Researcher-defined criteria for successful aging (SA) have been criticized for their limited perspective and failure to acknowledge subjective perceptions of older individuals. We assessed the extent to which older individuals consider specific factors, which they had suggested, to be important in defining SA. The present study had 2 objectives: (a) to develop a brief multidimensional questionnaire for assessing SA and to evaluate its psychometric properties; and (b) to examine age associations with each dimension of SA. Methods: A survey was conducted with 550 participants in a panel study of older adult residents of an elderly retirement community and with community-dwelling older adults, regarding factors that they considered to be important for SA. The psychometric evaluation involved exploratory and confirmatory factor analyses, reliability and validity analyses, and measurement invariance testing. Partial correlations were used to examine the association of age with SA. Results: The 4-factor solution provided a satisfactory fit to the data: proactive engagement, wellness resources, positive spirit, and valued relationships. Metric measurement invariance for this factor structure was confirmed across 2 age groups. The findings also suggest that the Successful Aging Inventory (SAI) scale might be a useful predictor of SA. Discussion: Our findings highlight the value of considering more comprehensive models of SA that include social relationships and proactive engagement.


2021 ◽  
Vol 8 ◽  
Author(s):  
Sandra McCune ◽  
Daniel Promislow

Dogs act as companions who provide us with emotional and physical support. Their shorter lifespans compel us to learn about the challenges and gifts of caring for older individuals. Our companion dogs can be exemplars of healthy or unhealthy aging, and sentinels of environmental factors that might increase or decrease our own healthy lifespan. In recent years, the field of aging has emphasized not just lifespan, but healthspan—the period of healthy, active lifespan. This focus on healthy, active aging is reflected in the World Health Organization's current focus on healthy aging for the next decade and the 2016 Healthy Aging in Action initiative in the US. This paper explores the current research into aging in both people and companion dogs, and in particular, how the relationship between older adults and dogs impacts healthy, active aging for both parties. The human-dog relationship faces many challenges as dogs, and people, age. We discuss potential solutions to these challenges, including suggestions for ways to continue contact with dogs if dog ownership is no longer possible for an older person. Future research directions are outlined in order to encourage the building of a stronger evidence base for the role of dogs in the lives of older adults.


Author(s):  
Madeline A. Gregory ◽  
Nicole K. Legg ◽  
Zachary Senay ◽  
Jamie-Lee Barden ◽  
Peter Phiri ◽  
...  

Abstract The coronavirus disease (COVID-19) pandemic has had profound consequences on collective mental health and well-being, and yet, older adults appear better off than younger adults. The current study examined mental health impacts of the pandemic across adult age groups in a large sample (n = 5,320) of Canadians using multiple hierarchical regression analyses. Results suggest older adults are experiencing better mental health and more social connectedness relative to younger adults. Loneliness predicted negative mental health outcomes across all age groups, while the negative association between social support and mental health was only significant at average and high levels of loneliness in the 65–69 age group. Results point towards differential mental health impacts of the pandemic across adult age groups and indicate that loneliness and social support may be key intervention targets during the COVID-19 pandemic. Future research should further examine mechanisms of resiliency among older Canadian adults during the pandemic.


2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 266-267
Author(s):  
Tiffany Driesse ◽  
Robert Roth ◽  
Xiaohui Liang ◽  
David Kotz ◽  
John Batsis ◽  
...  

Abstract Voice Assistant Systems (VAS) are software platforms that complete various tasks using voice commands (e.g., Amazon Alexa), with increasing usage by older adults. It is unknown whether older adults have significant privacy concerns with VAS. 55 participants were evaluated from ambulatory practice sites for a study on VAS detection of early cognitive decline. The mean age was 73.3±5.6 years, 58% female, 93% white, and 53% had mild cognitive impairment. Privacy concerns were assessed via Likert-based surveys. Participants believed data was used with consent (71%) and stored properly (67%); however, 71% wanted new privacy regulations, 43% were comfortable with daily activity monitoring, and 85% thought the data needs to be highly protected. Qualitative themes included “listening-in”, “tracking”, and unwanted sharing of information. Findings suggest that older adults do not have significant privacy concerns for VAS use, but requested additional regulations. Future research can compare VAS privacy concerns between age groups.


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