True Link Financial: Elder Financial Abuse Losses Reach $36.5 Billion Annually

Sometimes you have to confront unpleasant realities head-on if you want to avoid victimization. There are certain subjects that people prefer not to talk about, and while this is understandable on one level, the shadowy approach can help to feed the problem. This can enter the picture when it comes to elder financial abuse. There is a perfect storm that nefarious types often take advantage of when it comes to senior citizens. Over time, you can accumulate a significant nest egg, and senior citizens often have very good credit. As we all know, memory loss can enter the picture when you reach an advanced age, and many elders require help with their day-to-day needs. When you put all this together, you have a segment of the population that is vulnerable to financial predators and opportunists. New Research Traditionally, this problem has not been adequately researched, and there is a good reason for this. The New York State Elder Abuse Prevalence Study found that only one out of every 44


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