In general, the elderly are prone to become more vulnerable to financial fraud, and the number of elderly people having difficulty in accessing financial services and making financial decisions is on an increasing trend. All financial institutions, whether in the banking or non-banking sector, as well as the authorities, are facing this challenge and trying to address it. 4 Fujiki et al.
(2012) suggest that elderly households in Japan tend to have more stocks than younger  households mainly because elderly households have on average more financial assets, while the effects of age per se play a relatively minor role. Fujiki, H., N. Hirakata, and E. Shioji "Aging and Household Stockholdings: Evidence from Japanese Household Survey Data," IMES Discussion Paper No.