Why elder financial abuse is not going away
July 7, 2015 by Paul Wilson
As the U.S. population ages, more attention is being paid to elder financial abuse. And the growing mountain of data and victims’ stories is beginning to provide a clearer picture of the threats seniors and their family members face, as well as clues about the best ways to battle the onslaught.
Last year, Allianz conducted a study of more than 2,000 Americans titled “Safeguarding our Seniors,” polling both potential victims (ages 65+) and their friends and family (ages 40-64) in an attempt to uncover the most common threats, the impact on victims and their families, and the most effective strategies for prevention and fighting back. Click here to read…