The elderly targets for financial abuse

Elder financial abuse is an epidemic sweeping the country and it really bothers me. Unless you are constantly on the lookout, you could be the next victim.

The first step in stopping financial elder abuse is knowing the risks and recognizing that there are many different ways you can be targeted.

Many people assume senior citizens are targeted because they suffer from mental or physical decline.

The National Center on Elder Abuse, for instance, defines elder financial abuse as “the illegal taking, misuse, or concealment of funds, property, or assets of a vulnerable elder” at risk for harm by another due to changes in “physical functioning, mental functioning, or both.”


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