Eleven percent of Georgians and 13.3% of all Americans are currently over the age of 65. The segment of elderly adults in the United States is the fastest growing subpopulation, attributed to both average lifespan increases and a significant aging of "the baby boomer generation". Thus it is increasingly important that health and policy professionals give attention to issues of health and well-being faced by the aging population. One such issue, financial exploitation of the elderly, has received a large amount of media attention and public concern over the last several years, due to a large increase in the recorded prevalence of the problem. It has been estimated by some studies that financial exploitation of the elderly occurs in 4-5% of the aged population. A variety of legislation, both state and federal, has attempted to address and curb the problem. Like many states, Georgia has successfully passed and implemented such legislation; however as numbers of exploitation continue to increase, it is clear that all states still require a number of policy changes in order to truly eliminate the problem. The purpose of this capstone project is to synthesize scientific research dedicated to financial exploitation of the elderly and, describe current policies in place to address this problem. Finally, policy recommendations for the State of Georgia will be offered so that response and prevention systems effectively reduce the occurrence of this crime.

This thesis focus on the growing problem of elder mistreatment in the United States and related risk factors. In particular, focus is given to the problem of elder financial exploitation using survey analysis of an urban adult sample in the United States.

ABSTRACT Exploitation of older people can result in devastating emotional and financial consequences. Researchers and policy makers have widely recognised the deleterious effects of exploitation on older adults, particularly cognitively impaired older people. Studies to date have provided basic information about the demographic and health characteristics that contribute to exploitation in later life, namely extreme dependence, frailty, social isolation, severe physical illness, and cognitive impairment. However, an overarching explanatory framework of vulnerability, and clinical instruments to aid with identifying those individuals at elevated risk of exploitation a priori have been lacking. Furthermore, the specific cognitive and social factors at the level of the individual which promote vulnerability to exploitation remain largely unexplored. The present research was directed towards addressing these issues. For definitional purposes, the term social vulnerability is used throughout in reference to an individual’s degree of susceptibility to exploitation. Exploitation of older people can take many forms including social and sexual exploitation, mistreatment, and deprivation of rights. Financial exploitation in particular is a relatively widespread phenomenon among older people, and may be a salient marker of social vulnerability in later life. In Chapter 1 of this dissertation, literature relevant to financial exploitation and social vulnerability more generally among older people is reviewed, and a conceptual framework for describing and explaining heightened vulnerability is presented. Central to this framework are various factors of personal competence at the level of the individual (i.e., intelligence, cognitive functioning, social intelligence, social skill, personality traits) which, in theoretical terms, contribute to, or protect against, exploitation. Chapter 2 details the development and psychometric evaluation of a standardised scale for assessing social vulnerability among older adults (termed the SVS15). Given that financial exploitation may be a pertinent marker of social vulnerability in older people, item content for the scale includes items of a financial nature. The results of two studies provided support for the reliability (internal consistency) and validity (known-groups) of the SVS15. Results of a factor analysis revealed a two-factor solution, with the emerging factors labelled gullibility and credulity. Stability in factor structure of the SVS15 was established in an independent sample using structural equation modelling. Chapters 3 and 4 of the dissertation detail the methodology employed in, and results of, a series of three studies systematically investigating the relationships between personal competence factors and social vulnerability in older people. Using multiple regression analyses, non-significant associations between basic demographic characteristics and social vulnerability were found in a nonclinical older sample, indicating that heightened vulnerability to exploitation is not readily explained by age, gender, or education. Rather, general cognitive functioning emerged as the most significant correlate of SVS15 scores in a combined clinical and nonclinical sample of older adults such that poorer cognitive functioning was associated with greater vulnerability to exploitation. Executive functioning in particular showed significant overlap with SVS15 scores after controlling for differences in memory and age. These results support the inclusion of standardised neuropsychological tests of memory and executive functioning (tests which are routinely used) when issues of social vulnerability arise. After general cognitive functioning, social measures of self-awareness and social skill were also important correlates of social vulnerability scores, indicating that social measures could also contribute useful information when assessing social vulnerability in older people. From an applied perspective, Chapter 5 of the thesis presents normative data for the SVS15, and an examination of the Tclinical utility of the scale using individual case studies of older adults diagnosed with a dementia syndrome. In Chapter 6, an amalgamation of the results from the project is presented, and the theoretical and clinical contributions of the findings are highlighted. TThe findings contribute to the extant literature in two ways: (1) through the development of aT potentially useful and psychometrically sound instrument which targets symptoms of social Tvulnerability more directly than existing neuropsychological measures and (2) by enhancing the current understanding of the cognitive and social personal competence factors associated with heightened vulnerability in later life.

ABSTRACT Exploitation of older people can result in devastating emotional and financial consequences. Researchers and policy makers have widely recognised the deleterious effects of exploitation on older adults, particularly cognitively impaired older people. Studies to date have provided basic information about the demographic and health characteristics that contribute to exploitation in later life, namely extreme dependence, frailty, social isolation, severe physical illness, and cognitive impairment. However, an overarching explanatory framework of vulnerability, and clinical instruments to aid with identifying those individuals at elevated risk of exploitation a priori have been lacking. Furthermore, the specific cognitive and social factors at the level of the individual which promote vulnerability to exploitation remain largely unexplored. The present research was directed towards addressing these issues. For definitional purposes, the term social vulnerability is used throughout in reference to an individual’s degree of susceptibility to exploitation. Exploitation of older people can take many forms including social and sexual exploitation, mistreatment, and deprivation of rights. Financial exploitation in particular is a relatively widespread phenomenon among older people, and may be a salient marker of social vulnerability in later life. In Chapter 1 of this dissertation, literature relevant to financial exploitation and social vulnerability more generally among older people is reviewed, and a conceptual framework for describing and explaining heightened vulnerability is presented. Central to this framework are various factors of personal competence at the level of the individual (i.e., intelligence, cognitive functioning, social intelligence, social skill, personality traits) which, in theoretical terms, contribute to, or protect against, exploitation. Chapter 2 details the development and psychometric evaluation of a standardised scale for assessing social vulnerability among older adults (termed the SVS15). Given that financial exploitation may be a pertinent marker of social vulnerability in older people, item content for the scale includes items of a financial nature. The results of two studies provided support for the reliability (internal consistency) and validity (known-groups) of the SVS15. Results of a factor analysis revealed a two-factor solution, with the emerging factors labelled gullibility and credulity. Stability in factor structure of the SVS15 was established in an independent sample using structural equation modelling. Chapters 3 and 4 of the dissertation detail the methodology employed in, and results of, a series of three studies systematically investigating the relationships between personal competence factors and social vulnerability in older people. Using multiple regression analyses, non-significant associations between basic demographic characteristics and social vulnerability were found in a nonclinical older sample, indicating that heightened vulnerability to exploitation is not readily explained by age, gender, or education. Rather, general cognitive functioning emerged as the most significant correlate of SVS15 scores in a combined clinical and nonclinical sample of older adults such that poorer cognitive functioning was associated with greater vulnerability to exploitation. Executive functioning in particular showed significant overlap with SVS15 scores after controlling for differences in memory and age. These results support the inclusion of standardised neuropsychological tests of memory and executive functioning (tests which are routinely used) when issues of social vulnerability arise. After general cognitive functioning, social measures of self-awareness and social skill were also important correlates of social vulnerability scores, indicating that social measures could also contribute useful information when assessing social vulnerability in older people. From an applied perspective, Chapter 5 of the thesis presents normative data for the SVS15, and an examination of the Tclinical utility of the scale using individual case studies of older adults diagnosed with a dementia syndrome. In Chapter 6, an amalgamation of the results from the project is presented, and the theoretical and clinical contributions of the findings are highlighted. TThe findings contribute to the extant literature in two ways: (1) through the development of aT potentially useful and psychometrically sound instrument which targets symptoms of social Tvulnerability more directly than existing neuropsychological measures and (2) by enhancing the current understanding of the cognitive and social personal competence factors associated with heightened vulnerability in later life.

Studies indicate that the elderly population is more susceptible to crime than other age group s as they are socially lonely and tend to stick to obvious behavioural patterns. The mental and physical limitations caused by old age further aids to a profile of a potential victim of fraud. The elderly often succumb to various types of crimes; one such crime is fraud. In Sweden elderly fraud only constitutes a minor part of all the fraud that is reported. However, statistics from the Swedish National Council for Crime Prevention indicate that cases have been on the increase since 2017. The present study seeks to explore in more detail the methods used to defraud the elderly and offer possible solutions and recommendations. The study used semi-structured interviews with participants from the Banking Sector and Swedish National Council for Crime Prevention all of whom have a nexus with elderly fraud. The findings show that there are several methods used. However, Social Engineering emerged as the most prominent. Several efforts have been put in place by relevant authorities. Nonetheless, it was suggested that more efforts be channelled into the evaluation of existing programs, conducting research on the matter and sensitising the public about the risk factors, perpetrator warning signs and how they can avoid the many different types of fraud amongst other things.