ELDER FINANCIAL ABUSE
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ELDER FINANCIAL ABUSE
• ELDER FINANCIAL ABUSE
I took a lot of time and great care making this video. I hope you find it helpful.
Join me today as I shed light on the alarming issue of elder abuse, specifically financial elder abuse, a growing concern that affects millions of seniors worldwide. In this informative video, I'll share valuable insights on how to identify warning signs, protect your loved ones, and report suspicious activities. Elder financial abuse is a devastating crime that can leave seniors vulnerable and financially ruined.
The consequences of financial exploitation can be severe, leading to financial instability, emotional distress, and even physical harm. It's essential to understand the definition, signs, and consequences of financial exploitation to prevent it from happening to those you care about.
The statistics are staggering, with elder financial abuse costing seniors in the US an estimated $36.5 billion annually. One in twenty seniors reports financial abuse by family members, and one in five experiences financial fraud or abuse. Shockingly, nine in ten abusers are family members or trusted individuals, making it crucial to be vigilant and proactive.
To combat this issue, it's crucial to recognize common scams and tactics used by abusers, such as government impersonation scams, phishing, and unauthorized access to financial accounts. Being aware of warning signs, including unpaid bills, unusual spending patterns, sudden changes to financial documents, and unexplained transfers of assets, can help prevent financial exploitation.
This video also examines high-profile cases of elder financial abuse, including Stan Lee, Brooke Astor, and Harper Lee, demonstrating that no one is immune to this type of exploitation. These cases highlight the importance of vigilance and proactive measures to protect seniors.
By watching this video, you'll gain valuable knowledge on preventing financial exploitation, reporting suspicious activities, and accessing resources for support and protection. You'll also learn strategies for safeguarding seniors' financial well-being, identifying potential abusers, securing financial documents, and the importance of regular financial check-ins.
Empower yourself and your loved ones with the knowledge to protect against financial elder abuse. Share this vital information with family, friends, and caregivers to create a safer community for seniors.
Together, we can make a difference and ensure that our seniors live with dignity and financial security.
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If you suspect an elder person is being abused, please call the National Center On Elder Abuse
National Center On Elder Abuse
1-800-677-1116
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