Keith Jacks Gamble|Patricia Boyle|Lei Yu|David A. Bennett
The Causes and Consequences of Financial Fraud Among Older Americans
Middle Tennessee State University|Rush University Medical Center|Rush University Medical Center|Rush University Medical Center
financial fraud major threat older americans problem expected grow baby boom generation retires retirees manage retirement accounts use unique dataset examine causes consequences financial fraud among older americans first find decreasing cognition associated higher scam susceptibility scores predictive fraud victimization second overconfidence ones financial knowledge associated fraud victimization third fraud victims increase willingness take financial risks relative propensitymatched nonvictims