In the Media: Stacey Wood Discusses Mental Health Impacts of Fraud in AARP Magazine

Portrait of Stacey Wood, Molly Mason Jones Chair in Psychology and professor of psychology at Scripps College in Claremont, California

Stacey Wood, Molly Mason Jones Chair in Psychology and professor of psychology, spoke to AARP magazine about fraud victims’ mental health in the aftermath of financial scams, and how those effects differ from the emotional impacts that victims of other types of crime experience. “What’s different with fraud victims is that their constellation of symptoms includes negative thoughts about themselves. And so they could be thinking, are they not smart? Is there something wrong with their cognitive abilities, their ability to judge others?” Wood says. She adds that she’s worked with fraud victims who’ve kept their financial losses hidden “and it was just eating them up inside and creating this distance from family members. But they found that when they just admitted that they had lost this money, they were able to start the healing.”

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