Financial Elder Abuse

I discussed in my earlier blog a new form nursing home abuse. I’ve since learned of a new study that examined the epidemic of financial abuse against seniors. Previous studies suggested losses to seniors in the neighborhood of $3 billion per year. According to the new study, the amount is likely 12 times higher—$36.48 billion each year! Even more surprising is that the seniors most likely to be exploited are relatively young and well educated. Read the study’s executive summary here.

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