ArticleClinical gerontologist
Conceptual and Empirical Approaches to Financial Decision-making by Older Adults: Results from a Financial Decision-making Rating Scale.
Article in Clinical gerontologist. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 21 papers, 1 of them a synthesis that pooled it.
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Who cites it
21 citing papers in PubMed, 1 synthesis or guideline pooled it.
- Mapping the knowledge domain of financial decision making: A scientometric and bibliometric study.Frontiers in psychology · 2022Pooled it
- Objective Assessment of Financial Decision-Making With a Simulated Online Money Management Task in Older Adults: Protocol for a Prospective Observational Study.JMIR research protocols · 2026Article
- Subjective Cognitive Decline and Financial Exploitation Vulnerability.Clinical gerontologist · 2026Article
- Financial literacy and psychological vulnerability to financial exploitation: the roles of financial anxiety, self-confidence, and behavior.BMC psychology · 2026Article
- The Scammers' Psychological Warfare: A Call to Arms.Psychological science in the public interest : a journal of the American Psychological Society · 2025Article
- A person-centered approach to financial capacity: early memory loss, financial management and decision-making.Aging & mental health · 2024Article
- Self-Reported Chronic Stress Is Unique Across Lifetime Periods: A Test of Competing Structural Equation Models.The Gerontologist · 2024Article
- The Relationship Between Financial Decision-Making and Financial Exploitation in Older Black Adults.Journal of aging and health · 2022Article
- The WALLET Study: Examining Early Memory Loss and Personal Finance.Innovation in aging · 2022Article
- The Impact of Financial Coaching on Older Adult Victims of Financial Exploitation: A Quasi-Experimental Research Study.Financial counseling and planning : the journal of the Association for Financial Counseling and Planning Education · 2022Article
- Financial Stressors and Resources Associated With Financial Exploitation.Innovation in aging · 2022Article
- Context Matters: Financial, Psychological, and Relationship Insecurity Around Personal Finance Is Associated With Financial Exploitation.The Gerontologist · 2020Article
- A generic brain connectome map linked to different types of everyday decision-making in old age.Brain structure & function · 2020Observational
- The Role of Emotional vs. Cognitive Intelligence in Economic Decision-Making Amongst Older Adults.Frontiers in neuroscience · 2020Article
- Cross-Validation of the Lichtenberg Financial Decision Rating Scale.Clinical gerontologistArticle
- A Short Form of the Lichtenberg Financial Decision Rating Scale.Clinical gerontologistArticle
- Providing Assistance for Older Adult Financial Exploitation Victims: Implications for Clinical Gerontologists.Clinical gerontologistArticle
- A Scoping Review and Conceptual Framework Examining the Role of Sleep Disturbance in Financial Exploitation in Older Adults.Gerontology & geriatric medicineArticle
- Quantifying Risk of Financial Incapacity and Financial Exploitation in Community-dwelling Older Adults: Utility of a Scoring System for the Lichtenberg Financial Decision-making Rating Scale.Clinical gerontologistArticle
- Novel methods for assessment of vulnerability to financial exploitation (FE).Journal of elder abuse & neglectArticle
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Authors and funding
6 authors.
Funding
Abstract
objectivesThe objectives of this study were threefold: (1) to empirically test the conceptual model proposed by the Lichtenberg Financial Decision-making Rating Scale (LFDRS); (2) to examine the psychometric properties of the LFDRS contextual factors in financial decision-making by investigating both the reliability and convergent validity of the subscales and total scale, and (3) extending previous work on the scale through the collection of normative data on financial decision-making.
methodsA convenience sample of 200 independent function and community dwelling older adults underwent cognitive and financial management testing and were interviewed using the LFDRS. Confirmatory factor analysis, internal consistency measures, and hierarchical regression were used in a sample of 200 community-dwelling older adults, all of whom were making or had recently made a significant financial decision.
resultsResults confirmed the scale's reliability and supported the conceptual model. Convergent validity analyses indicate that as hypothesized, cognition is a significant predictor of risk scores. Financial management scores, however, were not predictive of decision-making risk scores.
conclusionsThe psychometric properties of the LFDRS support the scale's use as it was proposed. CLINICAL IMPLICATIONS: The LFDRS instructions and scale are provided for clinicians to use in financial capacity assessments.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.