VESTA: A Groundbreaking Tool for Enhancing Financial Literacy and Scam Resilience Among Older Adults
2024
VESTA: A Tool for Financial Literacy and Scam Resilience in Older Adults
Sample size: 20
publication
Evidence: moderate
Author Information
Author(s): Barnett Michael, Van Vleet Samuel, Griffin Rebekah, Fontanese Matthew, Mallender William, Boynton Harrison, Coldiron Allyson
Primary Institution: The University of Texas Tyler
Hypothesis
VESTA can effectively enhance financial literacy and scam resilience among older adults.
Conclusion
Older adults rated VESTA positively, indicating it is effective in simulating real-world financial scenarios and assessing scam risk.
Supporting Evidence
- Older adults rated VESTA as applicable to real life with a mean score of 3.70.
- Participants agreed that VESTA provides a good assessment of scam risk with a mean score of 4.05.
- VESTA was viewed as easy to use and enjoyable, with a mean usefulness rating of 4.70.
Takeaway
VESTA is a smartphone tool that helps older people learn about money and avoid scams by simulating real-life situations.
Methodology
The study involved older adults rating their experiences with the VESTA tool using a 5-point scale.
Participant Demographics
Older adults.
Digital Object Identifier (DOI)
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