Lichtenberg Peter A, Tarraf Wassim, Rorai Vanessa O, Roling Matthew, Moray Juno, Gross Evan Z, Boyle Patricia A
Institute of Gerontology, Wayne State University, Detroit, Michigan, USA.
School of Business, Wayne State University, Detroit, Michigan, USA.
Innov Aging. 2022 May 26;6(5):igac038. doi: 10.1093/geroni/igac038. eCollection 2022.
This feasibility study tests a new approach for assessing personal finance in older persons with early memory loss. The project examines 2 primary outcomes that gauge the financial viability and well-being of older adults: wealth loss and financial exploitation. The overall objective is to determine the association of financial literacy and management, financial decision-making, and cognition with wealth loss and financial exploitation.
This cross-sectional study recruited 46 participants who were 60 years of age or older. Participants were classified as having mild cognitive impairment, perceived cognitive impairment, or no cognitive impairment. The study coordinator arranged with each participant to obtain copies of their main checking account statements for 12 consecutive months within the previous 2 years and, if appropriate, credit card statements. All statements were de-identified and assigned a random ID number. Participants then completed 2 telephone interviews.
The average participant age was 72 years (standard deviation [] = 7.7); 84% were female, 39% White, and 35% currently married. Average education was 16.2 years ( = 2.4); mean yearly household income was almost $42,000 ( = 25,752); and monthly social security payments averaged $1,446 ( = 1,244). Our results indicate that the methods used to analyze checking account statements, followed by telephone interviews to verify identified trends, were useful in developing a financial behavior index to measure wealth loss.
We demonstrate an alternative method for assessing personal finance using person-centered principles, which we believe are critical in the presence of diminished or impaired cognition. Our findings offer an innovative method for assessing the risk for wealth loss and financial exploitation.
本可行性研究测试了一种评估早期记忆丧失老年人个人财务状况的新方法。该项目考察了衡量老年人财务可行性和福祉的两个主要结果：财富损失和金融剥削。总体目标是确定金融知识与管理、金融决策和认知与财富损失和金融剥削之间的关联。
这项横断面研究招募了46名60岁及以上的参与者。参与者被分类为患有轻度认知障碍、感知认知障碍或无认知障碍。研究协调员与每位参与者安排获取他们在过去两年内连续12个月的主要支票账户对账单副本，并在适当情况下获取信用卡对账单。所有对账单均经过去识别处理并分配了随机ID号。参与者随后完成了两次电话访谈。
参与者的平均年龄为72岁（标准差[] = 7.7）；84%为女性，39%为白人，35%目前已婚。平均受教育年限为16.2年（= 2.4）；家庭年均收入近42,000美元（= 25,752）；每月社会保障金平均为1,446美元（= 1,244）。我们的结果表明，用于分析支票账户对账单的方法，随后通过电话访谈来核实已确定的趋势，对于制定衡量财富损失的财务行为指数很有用。
我们展示了一种使用以个人为中心的原则评估个人财务的替代方法，我们认为在认知能力下降或受损的情况下这一点至关重要。我们的研究结果提供了一种评估财富损失和金融剥削风险的创新方法。
