Justice Department Launches Elder Abuse Prevention Site (VIDEO)
Tag: financial elder abuse
Psychologically Vulnerable Seniors More Vulnerable to Financial Exploitation (VIDEO)
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Psychologically Vulnerable Seniors More Vulnerable to Financial Exploitation
Financial exploitation of the elderly is on the rise according to the National Association of Area Agencies on Aging, and the numbers are expected to continue to grow as Baby Boomers age. This exploitation, which includes telemarketing scams, fake home repairs, fake check scams, identity theft and more, costs approximately...
Elder Financial Abuse Spikes 12% Since 2008
Older Americans are losing $2.9 billion annually to elder financial abuse, a 12 percent increase from the $2.6 billion estimated in 2008, according to äóìThe MetLife Study of Elder Financial Abuse: Crimes of Occasion, Desperation, and Predation Against America’s Elders.äó Crimes involving strangers made up more than half (51 percent)...