Financial exploitation is considered a form of elder mistreatment; the person abuses the trust of the senior and abuses or misleads the older adult into a scam. Listen to our newest episode as Dr. Peter explains what financial exploitation is for seniors.
Meet Dr. Peter Lichtenberg
Peter A. Lichtenberg, Ph.D., ABPP is the Director of The Institute of Gerontology and the Merrill Palmer Skillman Institute. He is also a Professor of Psychology at Wayne State University. He received his bachelor’s degree from Washington University in St. Louis, and his master’s and doctorate in Clinical Psychology from Purdue University.
After his internship he completed a post-doctoral fellowship in geriatric neuropsychology at the University of Virginia Medical School where he also became a faculty member. A clinician and researcher throughout his career Dr. Lichtenberg, one of the first board certified Clinical Geropsychologists in the nation, has made contributions to the practice of psychology across a variety of areas including in Alzheimer’s disease, medical rehabilitation and with those suffering from late life depression.
He is particularly interested in the area of intersection between financial capacity and financial exploitation; finding ways to balance autonomy and protection for older adults. His work in this area led him to be a contributor to the 2008 Assessment of Diminished Capacity of Older Adults: A Handbook for Psychologists published jointly by the American Bar and American Psychological Associations. In 2013 he published the first nationally representative study on predictors of older adult scam victims.
In 2015 he published the Lichtenberg Financial Decision Making Rating Scale, and the Lichtenberg Financial Decision Screening Scale, and has contributed several empirical studies on the scales since then. These tools can be used to assess major financial decisions and/or transactions of older adults. He has authored 7 books and over 190 scientific articles in Geropsychology including being the senior editor for the American Psychological Association’s Handbook of Clinical Geropsychology.