Reports of financial crimes
against the elderly are on the rise, you or someone you know could become a
victim. Statistics show 1 in 6 people 60 years and older experienced some form
of abuse in community settings during this past year. Elderly financial abuse
was estimated to have cost its victims at least 3 billion dollars last year.
What is Elder
It’s a crime that deprives older
adults of their resources and ultimately their independence. Anyone who sees
signs of theft, fraud, misuse of a person’s assets or credit, or use of undue
influence to gain control of an older person’s money or property should be on
the alert. Those are signs of possible exploitation. Older Americans that
may have disabilities or rely on others for help can be susceptible to scams
and other fraud. Advances in technology can also make it difficult
for seniors to know who to trust and what's safe.
Despite these threats, taking
simple steps to safeguard personal information and being aware of warning signs
can protect our elders from financial abuse.
Tips for Seniors
What should you do to protect yourself?
What should you do if you are a victim of financial abuse?
Tips for Family and Friends
What are the warning signs of financial abuse?
The key to spotting financial
abuse is a change in a person’s established financial patterns. Watch out for
these “red flags”:
What should you do if you suspect financial abuse?
Never give your social security
number, account numbers or other personal information over the phone unless you
initiated the call and trust the other party.
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