Analysis of Underlying Factors in Financial Neglect and Abuse in Older Adults: A Qualitative Content Analysis

Objectives: To analyze underlying factors in financial neglect and abuse to enhance understanding and inform interventions that can protect the financial well-being of older adults. Design: A qualitative content analysis approach. Setting(s): Borujen, Shahrekord, Iran. Participants: A sample of 15 older adults (8 females and 7 males) aged 60 and above was selected through a purposeful sampling method from healthcare centres in Borujen, based on specific inclusion criteria. Outcome measures: Data were collected through semi-structured, in-depth individual face-to-face interviews. Results: The findings displayed one overarching category, which is lost property, along with four subcategories, including forced reluctance to pursue the recovery of lent money, deprivation of financial independence, distress due to an inability to recover lent money, and children’s financial evasions in repaying the lent money. Collectively, these factors contributed to older adults perceiving their property as lost. Conclusions: Addressing the burden imposed by financial neglect and abuse necessitates coordinated efforts from authorities, ensuring that policymakers and planners in the fields of health and aging implement concrete measures to raise awareness among families, older adults, and service providers regarding elder abuse. Ultimately, these efforts should aim to improve the quality of life for older adults.