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Financial Fraud against Older People in Hong Kong: Assessing and Predicting the Fear and Perceived Risk of Victimization

Author

Listed:
  • Jessica C. M. Li

    (Department of Applied Social Sciences, The Hong Kong Polytechnic University, Hong Kong, China)

  • Gabriel T. W. Wong

    (ANU Center for Social Research and Methods, Australian National University, Canberra 2601, Australia)

  • Matthew Manning

    (ANU Center for Social Research and Methods, Australian National University, Canberra 2601, Australia)

  • Dannii Y. Yeung

    (Department of Social and Behavioural Sciences, City University of Hong Kong, Hong Kong, China)

Abstract

While the majority of studies on the fear of crime focus on the impact of violent and property crimes at the population level, financial fraud against senior citizens is often under-investigated. This study uses data collected from 1061 older citizens in the community through a cross-sectional survey in Hong Kong to examine the levels of fear and perceived risk among Chinese senior citizens toward financial fraud and the factors behind them. Logistic regression analyses were conducted to assess the explanatory power of four theoretical perspectives (vulnerability, victimization, social integration, and satisfaction with police) on fear and perceived risk of fraud victimization. The results indicate significant predictive effects of victimization experience and satisfaction with police fairness and integrity on both the fear and the perceived risk of fraud among respondents. The findings not only confirm the differential impact of theoretical explanations on these constructs but can also contribute to crime prevention policy and practice in an aging society.

Suggested Citation

  • Jessica C. M. Li & Gabriel T. W. Wong & Matthew Manning & Dannii Y. Yeung, 2022. "Financial Fraud against Older People in Hong Kong: Assessing and Predicting the Fear and Perceived Risk of Victimization," IJERPH, MDPI, vol. 19(3), pages 1-13, January.
    • Handle: RePEc:gam:jijerp:v:19:y:2022:i:3:p:1233-:d:730986
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    References listed on IDEAS

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    1. repec:aph:ajpbhl:10.2105/ajph.2017.303821_6 is not listed on IDEAS
    2. Burnes, D. & Henderson, C.R., Jr. & Sheppard, C. & Zhao, R. & Pillemer, K. & Lachs, M.S., 2017. "Prevalence of financial fraud and scams among older adults in the United States: A systematic review and meta-analysis," American Journal of Public Health, American Public Health Association, vol. 107(8), pages 13-21.
    3. repec:aph:ajpbhl:10.2105/ajph.2017.303821a_2 is not listed on IDEAS
    4. Burnes, D. & Henderson, C.R. & Sheppard, C. & Zhao, R. & Pillemer, K. & Lachs, M.S., 2017. "Prevalence of Financial Fraud and Scams Among Older Adults in the United States: A Systematic Review and Meta-Analysis," American Journal of Public Health, American Public Health Association, vol. 107(8), pages 1295-1295.
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    Cited by:

    1. Katalin Parti & Faika Tahir, 2023. "“If We Don’t Listen to Them, We Make Them Lose More than Money:” Exploring Reasons for Underreporting and the Needs of Older Scam Victims," Social Sciences, MDPI, vol. 12(5), pages 1-17, April.

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