Want to Avoid Fraud? Start by Getting Your Eyes and Ears Checked

However, many older adults who are cognitively intact also have been financially exploited, Han says, leading him and fellow researchers to explore whether other underlying mechanisms might play a role.

Their study focused on a racially diverse group of 37 adults, age 50 and older, who were recruited in greater Los Angeles. All the volunteer subjects were cognitively healthy and highly educated. They were split into two groups: 24, or about 65 percent, had been financially exploited; and 13, or 35 percent, had not been.

Three types of frailty examined

Han said to his knowledge, the study is the first to focus on older adults and the relationship between financial exploitation and frailty.

Participants were given a questionnaire that asked about three types of frailty: physical, psychological and social. Physical aspects included poor hearing or vision, a lack of hand strength, and difficulty walking or maintaining balance. Psychological aspects included feeling down, nervous or anxious in the last month. Social aspects included whether the study participant lived alone and missed having people around.

Overall, people who had been financially exploited reported significantly poorer hearing and marginally poorer vision, the study said. The researchers urged intervention programs that seek to protect the financial well-being of older Americans to take note.

Scammers and fraudsters’ methods “put a stress on being able to see and hear things accurately,” Han says. Poorer hearing and eyesight may make people at risk for exploitation by causing them to “miss critical details during interactions,” the study says, while other people whose sensory functioning is intact might question the veracity of a financial exchange.

The findings were published last month in a medical journal Gerontology and Geriatric Medicine.