Monday, August 11, 2014
Are you a senior concerned that someone you trust may be taking advantage of your finances? According to a recent study published in the Journal of General Internal Medicine, elder financial abuse is a serious worry for an increasing number of seniors. In fact, nearly one in 20 seniors (60 and older) has been a victim of financial abuse.
Many seniors are susceptible to elder financial abuse because the perpetrators are likely to be their family members or caretakers. This means that the stakes are high and that most instances of financial abuse go unreported—according to National Adult Protective Services Association (NAPSA), only 1 in 44 cases is reported to the authorities.
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