Bunch of factors:
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cognitive decline
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cognitive issues related to medications eg anticholinergic burden
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belief that they no longer “understand” the way things work and have to take younger people’s word for things
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fear due to physical vulnerability (give in to scammers to avoid getting hurt physically)
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loneliness (give in to scammers because they think they are making a human connection)
What we can do to help oldies is to be actively in their lives and looking out for them. Helping them navigate stuff and just letting them know we are there.
It’s not all natural either. I’ve recently learned about anticholinergic burden and am annoyed I didn’t know sooner because with the health system the way it is now (so many locums, no continuity of care, overworked hospitals) elderly people really need their family looking out for stuff like this.