01/27/2022: Safeguarding America’s Seniors
Older adults lose billions of dollars to financial exploitation annually, and it’s getting worse. Elder financial exploitation — the illegal or improper use of an older person’s funds, property, or assets — is a devastating crime. Victims of such abuse can lose the ability to pay for necessities like food, housing, or medicine. The exploitation can also take an emotional toll, causing intense fear, shame, anxiety, and depression.
For more information, read Safeguarding Seniors from the American Bankers Association.