The Connection of Place, Routine Activity, and Financial Exploitation of Older Adults in a Large Retirement Community.

Abstract

Financial exploitation of older adults is a rapidly growing social problem, and research in this area has largely focused on individual-level risk factors with the role of the community not considered. Given the rapid expansion of retirement communities across the United States, these areas may be emerging as hotspots for financial exploitation. This study presented officially reported administrative trend data on reported cases of financial exploitation and analyzed focus group and interview data collected from 80 residents of a large retirement community to assess the self-reported role of the community on older adults' financial exploitation experiences and perceptions of risk. Study participants overwhelmingly expressed that they were targeted for financial exploitation immediately and repeatedly after moving into the retirement community and much more frequently than they had experienced before moving. Participants believed they were seen as vulnerable targets and adequate protection measures were not implemented by the retirement community's management. Retirement community managers and local criminal justice officials should recognize that residents of retirement communities may be at risk for financial exploitation and implement prevention and response strategies.