Contextual and Social Predictors of Scam Susceptibility and Fraud Victimization

Financial fraud targeting older adults is on the rise, with annual losses totaling in the billions of dollars. Prior cross-sectional and qualitative studies have reported that negative life events and social factors, such as poor psychological well-being and loneliness, are…

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The Role of Physical, Cognitive and Interpersonal Occupational Requirements and Working Conditions on Disability and Retirement

This proposed research project is an expansion of the MRDRC grant UM21-05, where we investigated the role of physical occupational requirements on retirement transitions using data from the Health and Retirement Study (HRS) and from the first wave of the…

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Consumer Credit Events Before and After Dementia Diagnosis

Anecdotal evidence suggests that changes in thinking and memory due to dementia can lead to large financial losses.  We test this using linked Medicare claims and FRBNY/Equifax CCP data.  We find that missed payments increase up to 4 years prior…

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Cognitive Ability, Cognitive Aging, and Debt Accumulation

In the past few decades, financial products target to consumers have become increasingly complex and recent evidence suggests that older adults are entering retirement with more debt than previous generations. We examine how cognitive ability is related to debt burdens…

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Financial Consequences of Health and Healthcare Spending Among Older Couples

Dementia, a chronic, degenerative disease characterized by deteriorating cognition, represents a particularly aggressive threat to older adults’ financial well-being.  Dementia-linked adverse financial events have the potential to deteriorate retirement savings, increasing financial strain and potentially demand for Medicaid and Supplemental…

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Cognitive Ability, Cognitive Aging, and Debt Accumulation

Financial product complexity has increased substantially in the past few decades and recent evidence suggests that older adults are entering retirement with more debt than previous generations. This project will examine how cognitive ability and cognitive aging are related to…

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