The Impact of Financial Coaching on Older Adult Victims of Financial Exploitation: A Quasi-Experimental Research Study

Autor/inn/en	Hall, LaToya; Campbell, Rebecca; Gross, Evan; Lichtenberg, Peter A.
Titel	The Impact of Financial Coaching on Older Adult Victims of Financial Exploitation: A Quasi-Experimental Research Study
Quelle	In: Journal of Financial Counseling and Planning, 33 (2022) 1, S.66-78 (13 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1052-3073
Schlagwörter	Money Management; Coaching (Performance); Older Adults; Victims; Victims of Crime; Program Effectiveness; Urban Areas; Deception; Executive Function; Physical Health; Mental Health; Neuropsychology; Psychological Testing; Visual Measures; Economic Impact; Social Support Groups; Evidence Based Practice; Self Efficacy; Trail Making Test + Suchen Sie Ihr Suchwort? Älterer Erwachsener; Victim; Opfer; Victims; Crime; Verbrechen; Urban area; Stadtregion; Täuschung; Gesundheitszustand; Psychohygiene; Neuropsychologie; Psychological test; psychological tests; Psychological examination; Psychologischer Test; Ökonomische Determinanten; Social support; Soziale Unterstützung; Self-efficacy; Selbstwirksamkeit
Abstract	The financial exploitation (FE) of older adults affects not only victims' finances, but also their health. This preliminary study investigated the impacts of a financial coaching program on the financial, neurocognitive, physical, and emotional health of older adult victims of FE. Twenty older adults residing in a large urban area who had experienced FE were compared at baseline and follow-up with a group of 20 older adult of the same area who were making important financial decisions, but had not experienced FE and did not receive the intervention. At baseline, both groups were similar on demographic variables, but participants who had experienced FE had more health problems, poorer memory and executive functioning, less social support, and greater stress than the comparison group. Six months after financial coaching ended, program participants had significantly less anxiety. Overall, older adult victims of FE showed no significant declines and, in fact, showed some improvement. (As Provided).
Anmerkungen	Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01