Current Situation and Influencing Factors of Economic Exploitation of the Older People

Li Kai^*

• Henan Finance University, Zhengzhou, China

Against the backdrop of an increasingly aging population, older people face numerous challenges in safeguarding their economic rights and interests as a particularly vulnerable group. The issue of economic exploitation not only endangers the property safety of the older people but also poses a serious threat to their physical and mental health and quality of life. Therefore, it is necessary to explore the current situation of economic exploitation among older people and its influencing factors. It has significant practical significance for improving the protection system of the rights and interests of the older people. The study took 455 older people people in a certain province as the research subjects and measured the relevant variables through the Mini-Mental State Examination Scale, the Perceived Social Support Scale, the ADL and the Family Care Index Scale. The survey results showed that the average score of Mini Mental State Examination was 24.40 points. The average score of Perceived Social Support Scale was 53.89 points. The average score for ADL is 32.50 points. The average score of the Family APGAR Index was 7.89±0.23 points, p<0.001*. Older people in rural areas, with lower levels of education and a single source of income, have a higher risk of economic exploitation. The outcomes revealed that the occurrence of financial exploitation of the older people was influenced by a variety of factors, including social support, daily living ability, and degree of family care. To reduce the risk of financial exploitation, the following measures are recommended: Family and social support networks need to be strengthened. There is a need to improve daily living ability and to provide assistance in economic affairs. Enhanced family care is needed, especially to increase the maturity of family members in dealing with the older people. The study provides an empirical basis for the development of prevention strategies for the economic exploitation of the older people, which will help to ensure their economic security and improve their quality of life.