
Elder Financial Abuse Can Be Prevented
Advice for adult children, so their parents in nursing homes and assisted living are safe from scammers.
Advice for adult children, so their parents in nursing homes and assisted living are safe from scammers.
The financial exploitation of elderly people comes at a great cost: It costs victims as much as $36.5 billion each year, according to the National Council on Aging. It can also be more difficult to detect than physical abuse and neglect because it’s often done by family members, trusted friends and caregivers.