Older adults frequently outsource many important tasks. They rely on others to clean their houses and maintain their yards. They may work with professionals to manage their finances as well. Older adults investing their retirement savings often choose to partner with...
Financial Abuse
3 ways caregivers may misuse their access to older adults’ resources
The financial abuse of older adults is a relatively common issue. Both family members and professional caregivers may misappropriate resources. They may assume that older adults are too vulnerable to hold them accountable or too confused to even recognize the...
Missing jewelry and keepsakes could be financial abuse red flags
Older adults living in nursing homes or otherwise depending on caregivers are vulnerable to abuse. In addition to physical and emotional abuse from caregivers, older adults are at risk of financial abuse. Caregivers can engage in numerous types of financial...
Has familiar fraud harmed an older family member?
Older adults are vulnerable to fraud and other forms of financial abuse. They may trust the wrong people, putting them at risk of losing the assets that they require for their comfort in their golden years. Some people fall victim to investment fraud schemes, email...
The risk when a caregiver has access to credit/debit cards
The financial abuse of older adults comes in many forms. Some people steal physical property from older adults. Others might engage in fraud by lying to and manipulating older adults. Financial fraud can come from opportunistic strangers, but it can also come from...
2 reasons the elderly are targeted for financial scams
Elderly people are often targeted for financial scams. It’s very important for family members to keep an eye out. These scams can happen in many different ways, such as online scams, telephone scams or even financial scams run in a nursing home or assisted living...
What if businesses take advantage of older adults?
Many older adults require a variety of support services. They may have a home health aide who helps them clean their house once a week or administers medication. They may need the services of a local handyman for everything from fixing a leaking sink to changing...
Those shopping for older adults may engage in financial abuse
There are many ways that home health aides and nursing home workers can help older adults. They administer medications and assist with keeping living spaces clean. They help vulnerable adults dress themselves and perform hygiene tasks, like showering, that can be...
Study: Men and women equally vulnerable to financial scams
Researchers have looked at which individuals are more susceptible to financial scams. One interesting thing they found was that men and women had roughly equal levels of susceptibility. Gender does not appear to make a difference, and people can be targeted regardless...
Can financial institutions protect older adults from fraud?
Elder abuse comes in many forms. Some people who live with or care for older adults may engage in physical or verbal abuse of those vulnerable people. Others may target older adults for financial abuse. They take advantage of the loneliness that may come with advanced...


