RISK FACTORS FOR FINANCIAL FRAUD AMONG OLDER CHINESE: AN ANALYSIS BASED ON CHARLS DATA
2024
Risk Factors for Financial Fraud Among Older Chinese
publication
Author Information
Author(s): Li Yuanyuan, Cao Yunqi, Wu Yuxia, Mi Hong
Primary Institution: Hebei University of Technology
Hypothesis
What factors increase the risk of financial fraud among older adults in China?
Conclusion
The study found that age, living arrangements, physical functioning, family relationships, and individual capital increase the vulnerability of older Chinese adults to financial fraud.
Supporting Evidence
- Financial fraud targeting older adults in China is a growing concern.
- The study integrates unique social models related to family relationships.
- Psychological vulnerability and material wealth were identified as mediators.
Takeaway
Older people in China are at risk of being tricked into financial scams, and things like their age and family relationships can make them more vulnerable.
Methodology
The study used structural equation modeling (SEM) to analyze data from the 2018 China Health and Retirement Longitudinal Study (CHARLS).
Participant Demographics
Older adults in China.
Digital Object Identifier (DOI)
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