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Cited by 146Financial Literacy, Pension, Retirement AnalysisElder Abuse and NeglectConsumer behavior in food and health

Consumer Vulnerability to Fraud: Influencing Factors

LEE, JINKOOK, SOBERON‐FERRER, HORACIO·1997·Journal of Consumer Affairs
DOI 10.1111/j.1745-6606.1997.tb00827.x
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Abstract

Using the 1993 Survey of Older Consumer Behavior commissioned by the American Association of Retired Persons, consumer vulnerability to market fraud was investigated. Consumer vulnerability was determined based on consumers' market knowledge and awareness of unfair business practices. Using an ordered logit analysis, it was found that consumers were more susceptible to fraud if they were older, poor, less educated, and/or living without spouse. Neither gender nor race was found to be a significant predictor of consumer vulnerability. Implications for consumer educators and policy makers were drawn.

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  • People with higher vulnerability scores tended to be older, poorer, less educated and single.

    “Lee and Soberon-Ferrer, 14 for example, measured individuals' vulnerability to consumer fraud and found that people with higher vulnerability scores tended to be older, poorer, less educated and single.”

    From Do You Love Me? Psychological Characteristics of Romance Scam Victims (2018) · cites this paper as [14]

  • People with higher vulnerability scores tended to be older, poorer, less educated and single.

    “They found that people with higher vulnerability scores tended to be older, poorer, less educated and single.”

    From The online dating romance scam: causes and consequences of victimhood (2014) · cites this paper as Lee and Soberon-Ferrer (1997)

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Authors
LEE, J., & SOBERON‐FERRER, H.
Affiliations
University of Florida (US)
ORCID
LEE, JINKOOK
Venue
Journal of Consumer Affairs
Publisher
Wiley
Published
1997-06
Volume
31
Issue
1
Pages
70-89
ISSN
  • 0022-0078 (ISSN-L)
  • 1745-6606
DOI
10.1111/j.1745-6606.1997.tb00827.x
OpenAlex
W2129661061
Cited by
146
References
32
Citations by year
2026: 5 · 2025: 13 · 2024: 13 · 2023: 7 · 2022: 16 · 2021: 11 · 2020: 7 · 2019: 8 · 2018: 4 · 2017: 8 · 2016: 5 · 2015: 4 · 2014: 5 · 2013: 10 · 2012: 1
FWCI
2.05
Type
journal article
Language
en
Open access
closed
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor, 2833 d)
Locations
Journal of Consumer Affairs (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
  • Social Sciences › Demography › Elder Abuse and Neglect
  • Social Sciences › Sociology and Political Science › Consumer behavior in food and health
Keywords
consumer fraud, consumer vulnerability, older consumers, market knowledge, income, educational attainment, marital status, demographic predictors, consumer protection

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