Articles Posted in financial elder abuse

Older adults are the fastest growing segment of our population and one the most vulnerable group of people in the world. Older adults are most likely to suffer from chronic health problems.  More than half are patients with a dementing illness, and half of those people are at high risk of being victims of abuse or neglect.  Financial abuse of elderly Americans is usually difficult to identify, commonly hidden by fear and shame and far too often quieted by the debilitation of mental impairment.  Yet the abuse is as commonplace as it is reprehensible—and appalling.  A recent study found that older adults are scammed out of almost $3 billion every year.  It is likely that this is only the tip of the iceberg, however, because most financial elder abuse cases are never reported.

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