Monday, August 8, 2022
A recent report from AARP and FINRA reminds us to not blame victims of financial frauds. The new report, Blame and Shame in the Context of Financial Fraud points out that "[t]The practice of victim blaming—assigning responsibility to the targets of a crime rather than to the perpetrators—is not a new practice in American society. But this project unearthed ample evidence that victim-blaming practices can shift, and that although often our words blame fraud victims, it isn’t necessarily our intent to hold them accountable." The report discusses why we blame victims, examined the "dimensions of victim blaming", and "reframing" our habit of blaming the victim. The report gives 5 suggestions for shifting the focus of the conversation and concludes with opportunities for changing the focus.