Open AccessThe Relationship Between Financial Decision-Making and Financial Exploitation in Older Black Adults
Author(s) -
LaToya Hall,
Juno Moray,
Evan Gross,
Peter A. Lichtenberg
Publication year - 2022
Publication title -
journal of aging and health
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.041
H-Index - 75
eISSN - 1552-6887
pISSN - 0898-2643
DOI - 10.1177/08982643221085407
Subject(s) - bivariate analysis , finance , psychology , mental health , multivariate analysis , multivariate statistics , medicine , economics , psychiatry , statistics , mathematics
Objectives: This study examined the relationship between contextual measure of financial decision-making and the financial exploitation experiences of older Blacks, and the convergent validity of mental health measures of contextual decision-making items. Methods: This cross-sectional study of 104 older Black adults included 52 cases of confirmed financial exploitation. Participants were matched on age and gender. Bivariate and multivariate analyses were performed to examine these relationships. Results: The contextual measure of financial decision-making was significantly associated with financial exploitation, above and beyond the relationship of demographic measures. Further, there was strong evidence for convergent validity between the contextual measure and mental health measures. Discussion: Results underscore the significant relationship of the contextual factors involved in financial decision-making and financial exploitation. This study provides a conceptually driven approach to understanding the experiences of older Black adult victims of financial exploitation.