Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain
Over the past few decades, the financial system has engaged in abusive practices that meet the definition of fraud. Our objective is to compare the prevalence of psychological distress and levels of health-related quality of life according to having been exposed to financial fraud and its economic i...
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doaj-b648fe55007e44ef8eeee7d3856da82d2020-11-25T01:33:09ZengMDPI AGInternational Journal of Environmental Research and Public Health1660-46012019-09-011618327610.3390/ijerph16183276ijerph16183276Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, SpainEncarnación Sarriá0Patricia Recio1Ana Rico2Manuel Díaz-Olalla3Belén Sanz-Barbero4Alba Ayala5María Victoria Zunzunegui6Faculty of Psychology, National University for Distance Education (UNED), 28015 Madrid, SpainFaculty of Psychology, National University for Distance Education (UNED), 28015 Madrid, SpainJoint Research Institute IMIENS, 28029 Madrid, SpainInstitute of Public Health, Madrid Salud, City Council of Madrid, 28029 Madrid, SpainJoint Research Institute IMIENS, 28029 Madrid, SpainNational School of Public Health, Carlos III Institute of Health, 28029 Madrid, SpainJoint Research Institute IMIENS, 28029 Madrid, SpainOver the past few decades, the financial system has engaged in abusive practices that meet the definition of fraud. Our objective is to compare the prevalence of psychological distress and levels of health-related quality of life according to having been exposed to financial fraud and its economic impact on family finances. The City of Madrid Health Survey 2017 included specific questions on exposure to financial fraud—this section was administered to half of the participants (<i>n</i> = 4425). Mental health need or caseness was defined by a score greater than two on the 12-item version of the Goldberg health questionnaire. Health-related quality of life was assessed by the Darmouth Coop Functional Health Assessment Charts/WONCA (COOP/WONCA). The prevalence of financial fraud was 10.8%. The prevalence rate ratio for caseness of those who experienced severe economic impact due to fraud was 1.62 (95%, CI 1.17−2.25; reference: no fraud), after adjustment by age, sex, social class, and immigrant status. Women experienced a decreased quality of life, even with a moderate impact of fraud, while men experienced a decreased quality of life related to fraud with severe economic impact. The current study contributes to a growing body of literature showing the effects of economic shocks on health as a result of financial fraud.https://www.mdpi.com/1660-4601/16/18/3276mental healthquality of lifefraudfinancial fraudSpain |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Encarnación Sarriá Patricia Recio Ana Rico Manuel Díaz-Olalla Belén Sanz-Barbero Alba Ayala María Victoria Zunzunegui |
spellingShingle |
Encarnación Sarriá Patricia Recio Ana Rico Manuel Díaz-Olalla Belén Sanz-Barbero Alba Ayala María Victoria Zunzunegui Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain International Journal of Environmental Research and Public Health mental health quality of life fraud financial fraud Spain |
author_facet |
Encarnación Sarriá Patricia Recio Ana Rico Manuel Díaz-Olalla Belén Sanz-Barbero Alba Ayala María Victoria Zunzunegui |
author_sort |
Encarnación Sarriá |
title |
Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain |
title_short |
Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain |
title_full |
Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain |
title_fullStr |
Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain |
title_full_unstemmed |
Financial Fraud, Mental Health, and Quality of Life: A Study on the Population of the City of Madrid, Spain |
title_sort |
financial fraud, mental health, and quality of life: a study on the population of the city of madrid, spain |
publisher |
MDPI AG |
series |
International Journal of Environmental Research and Public Health |
issn |
1660-4601 |
publishDate |
2019-09-01 |
description |
Over the past few decades, the financial system has engaged in abusive practices that meet the definition of fraud. Our objective is to compare the prevalence of psychological distress and levels of health-related quality of life according to having been exposed to financial fraud and its economic impact on family finances. The City of Madrid Health Survey 2017 included specific questions on exposure to financial fraud—this section was administered to half of the participants (<i>n</i> = 4425). Mental health need or caseness was defined by a score greater than two on the 12-item version of the Goldberg health questionnaire. Health-related quality of life was assessed by the Darmouth Coop Functional Health Assessment Charts/WONCA (COOP/WONCA). The prevalence of financial fraud was 10.8%. The prevalence rate ratio for caseness of those who experienced severe economic impact due to fraud was 1.62 (95%, CI 1.17−2.25; reference: no fraud), after adjustment by age, sex, social class, and immigrant status. Women experienced a decreased quality of life, even with a moderate impact of fraud, while men experienced a decreased quality of life related to fraud with severe economic impact. The current study contributes to a growing body of literature showing the effects of economic shocks on health as a result of financial fraud. |
topic |
mental health quality of life fraud financial fraud Spain |
url |
https://www.mdpi.com/1660-4601/16/18/3276 |
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