Elder Financial Abuse: Know the Signs, Help Stop the Crimes Did you know elder financial abuse causes an estimated $28.3 billion in losses each year? This staggering dollar amount highlights a growing crisis affecting some of society’s most vulnerable individuals. Understanding the impact of elder financial abuse is the first step toward prevention and protection. Here’s what you need to know about elder financial abuse… Read More
6 Consejos Para Protegerte a Ti y a Tus Seres Queridos del Abuso Financiero a las Personas de la Tercera Edad ¿Qué es el abuso financiero a las personas de la tercera edad? El Departamento de Justicia de EE.UU. define el abuso financiero de las personas de la tercera edad como cualquier uso indebido de las finanzas y propiedades de un adulto, ya sea sin su consentimiento o mediante medidas manipuladoras y amenazantes. Lamentablemente, el 87.5%… Read More
6 Tips to Protect Yourself and Loved Ones from Elder Financial Abuse What is elder financial abuse? The U.S. Justice Department defines elder financial abuse as any improper use of an adult’s finances and property, either without their consent or through manipulative and threatening measures. Sadly, 87.5% of older adults were victims of financial mistreatment by friends or family members, and according to the National Council on Aging,… Read More
Five Ways to Spot and Prevent Financial Theft Against Seniors Financial elder abuse, where senior citizens are manipulated for financial gain, is a growing problem. According to the National Adult Protective Services Association (NAPSA), one in 20 seniors indicated some form of financial abuse or theft. Fraud and financial elder abuse costs older Americans more than $36.5 billion annually. What’s worse, 90 percent of the “abusers”… Read More