6 Ways to Spot Financial Abuse of the Elderly

Financial abuse of the elderly is a serious issue. In fact, family members are the culprits for 75% of the victims of financial elder abuse, and women are twice as likely as men to become victims. Today, people over the age of 50 control over 70% of the nation’s wealth. Whether you work in a financial institution or are just a concerned neighbor, keeping an elderly person’s financial future safe is something that we all can help with.

Look for these signs of elder abuse

  1. Unpaid bills
  2. Change in banks/attorneys
  3. Changes in spending
  4. Missing property
  5. Unfamiliar signature
  6. Lack of personal amenities
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