The prevalence of elder abuse is hard to estimate because it is underreported. However, according to the National Council on Aging, approximately one in 10 Americans age 60 or older have experienced some form of elder abuse— be it physical, emotional, psychological or financial.
Stan Lee’s estate is one step closer to clearing up a messy legal battle involving accusations of exploitation and elder abuse by the comic book legend’s inner circle, with the settlement of a lawsuit against Lee’s former business manager, Jerardo “Jerry” Olivarez.
Predators robbing seniors of their savings has been called “the fastest growing crime in the country.” Older adults are prime targets for financial exploitation, both by people they know and trust and by strangers. Financial exploitation is believed to cost older adults over $36 billion annually.
The Texas Department of Adult Protective Services (APS) recommended Tuesday morning that community members, aged 65 and older, keep their private information, like social security numbers, passwords, maiden names and bank account information, in a locked drawer or somewhere safe.