The United States Department of Justice defines Elder Financial Exploitation this way, “a person commits financial exploitation of an elderly person or a person with a disability when he or she stands in a position of trust or confidence with the elderly person or a person with a disability and he or she knowingly and…Read More
One major concern for vulnerable older adults is financial exploitation. Almost daily, we hear stories of older adults being taken advantage of or falling for a financial scheme. Financial exploitation of older adults is pervasive, expensive, and difficult to detect. As NPR reported, “as we get older, we become more vulnerable to fraud in so…Read More
Undoubtedly, you’ve read or at least heard about the special investigation that the Atlanta Journal Constitution spotlighted last month. Their series, Unprotected, investigated the quality of senior care being provided in Georgia’s personal care homes. By reviewing all of the state’s personal care homes with 25 or more beds, the AJC produced a harrowing picture…Read More
The Georgia Department of Human Services has been awarded a $10,000 AARP BankSafe Initiative Grant to help fight the loss of retirement savings among its aging population. One in five older adults fall victim to financial exploitation, each losing an average of $120,000, as reported by AARP. Nationwide, seniors lose $3 billion to financial abuse…Read More
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