
Americans are experiencing greater longevity than ever before. But, as older adults live longer lives, the chances increase that that this population聽may lose track of their finances聽or fall prey to con artists.聽Scripps Professor of Psychology Stacey Wood, who studies decision making and elder abuse, is the lead expert in a聽. Wood suggests that adult children check in with parents regarding finances, especially if the parents have certain risk factors for scams and poor decision making: “Older adults lower in numeracy 芒鈧�� comfort with numbers 芒鈧�� may tend to go with their gut in decision-making,” Wood says. “We have also found loneliness and depression increase the risk of financial exploitation. Changes in social circumstances, such as the loss of a spouse, greatly increase risk and vulnerability.”