Physical and mental health correlates of perceived financial exploitation in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES)

Gali H. Weissberger; Laura Mosqueda; Annie L. Nguyen; Anya Samek; Patricia A. Boyle; Caroline P. Nguyen; S. Duke Han

doi:10.1080/13607863.2019.1571020

Physical and mental health correlates of perceived financial exploitation in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES)

Gali H. Weissberger, Laura Mosqueda, Annie L. Nguyen, Anya Samek, Patricia A. Boyle, Caroline P. Nguyen, S. Duke Han

Research output: Contribution to journal › Article › peer-review

44 Scopus citations

Abstract

Objectives: Financial exploitation (FE) in old age is poorly understood, particularly among those without significant cognitive impairment. The Finance, Cognition, and Health in Elders Study (FINCHES) aims to identify factors associated with FE among cognitively-healthy older adults. Preliminary findings regarding physical and mental health correlates in the pilot phase of FINCHES are reported. Method: Sixteen older adults who self-reported FE were demographically-matched on age, education, sex, and race/ethnicity to eighteen older adults who did not report past FE. Results: Those who believed they were exploited endorsed significantly greater symptoms of depression (p = 0.014) and marginally greater symptoms of anxiety (p = 0.062). Participants trended towards lower perceived successful aging (p = 0.094). Perceived FE participants also endorsed greater medical conditions (p = 0.047), but follow-up individual item analyses suggest that this was driven by problems with sleep (p = 0.030). Conclusions: These preliminary findings from the pilot phase of FINCHES highlight negative mental health factors associated with perceived FE among cognitively-intact older adults.

Original language	English
Pages (from-to)	740-746
Number of pages	7
Journal	Aging and Mental Health
Volume	24
Issue number	5
DOIs	https://doi.org/10.1080/13607863.2019.1571020
State	Published - 3 May 2020
Externally published	Yes

Bibliographical note

Publisher Copyright:
© 2019, © 2019 Informa UK Limited, trading as Taylor & Francis Group.

Funding

This work is supported by the Elder Justice Foundation and the Cathay Bank Foundation awarded to SDH, as well as the Department of Family Medicine of the University of Southern California. The authors would like to acknowledge Emanuil Parunakian and Jacqueline Chen for their help with data collection and management.

Funders	Funder number
Cathay Bank Foundation
Elder Justice Foundation
National Institute on Aging	T32AG000037
University of Southern California

Keywords

Financial exploitation
aging
mental health
physical health
sleep

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1080/13607863.2019.1571020

Cite this

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 in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES). Aging and Mental Health, 24(5), 740-746. https://doi.org/10.1080/13607863.2019.1571020

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title = "Physical and mental health correlates of perceived financial exploitation in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES)",

abstract = "Objectives: Financial exploitation (FE) in old age is poorly understood, particularly among those without significant cognitive impairment. The Finance, Cognition, and Health in Elders Study (FINCHES) aims to identify factors associated with FE among cognitively-healthy older adults. Preliminary findings regarding physical and mental health correlates in the pilot phase of FINCHES are reported. Method: Sixteen older adults who self-reported FE were demographically-matched on age, education, sex, and race/ethnicity to eighteen older adults who did not report past FE. Results: Those who believed they were exploited endorsed significantly greater symptoms of depression (p = 0.014) and marginally greater symptoms of anxiety (p = 0.062). Participants trended towards lower perceived successful aging (p = 0.094). Perceived FE participants also endorsed greater medical conditions (p = 0.047), but follow-up individual item analyses suggest that this was driven by problems with sleep (p = 0.030). Conclusions: These preliminary findings from the pilot phase of FINCHES highlight negative mental health factors associated with perceived FE among cognitively-intact older adults.",

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Weissberger, GH, Mosqueda, L, Nguyen, AL, Samek, A, Boyle, PA, Nguyen, CP & Han, SD 2020, 'Physical and mental health correlates of perceived financial exploitation in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES)', Aging and Mental Health, vol. 24, no. 5, pp. 740-746. https://doi.org/10.1080/13607863.2019.1571020

Physical and mental health correlates of perceived financial exploitation in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES). / Weissberger, Gali H.; Mosqueda, Laura; Nguyen, Annie L. et al.
In: Aging and Mental Health, Vol. 24, No. 5, 03.05.2020, p. 740-746.

Research output: Contribution to journal › Article › peer-review

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AU - Weissberger, Gali H.

AU - Mosqueda, Laura

AU - Nguyen, Annie L.

AU - Samek, Anya

AU - Boyle, Patricia A.

AU - Nguyen, Caroline P.

AU - Han, S. Duke

PY - 2020/5/3

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Physical and mental health correlates of perceived financial exploitation in older adults: Preliminary findings from the Finance, Cognition, and Health in Elders Study (FINCHES)

Abstract

Bibliographical note

Funding

Keywords

UN SDGs

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