The mediation of financial knowledge and objective numeracy on getting scammed via financial scam susceptibility was marginally significant ( p ’s in the range .04–.07, depending on the starting seed), with the effects aligning with the hypothesis that higher financial knowledge and numeracy indirectly reduce scam susceptibility, thereby decreasing the risk of being scammed.
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Understanding Financial Exploitation Among Older Adults: The Role of Financial Skills, Scam Susceptibility, and Demographic Factors.
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The sentences
This is highly significant given the impact of FE on independent living, quality of life, and well-being.