Aging Services News
Saturday, 29 April 2017 16:46

Preventing Elder Financial Abuse

Did you know that the fastest growing form of elder abuse is financial exploitation? According to the National Center on Elder Abuse, around 90% of abusers are trusted family members, friends, or caregivers. The average loss per individual financial abuse victim is a staggering $30,000. Certain populations are more at risk than others, particularly women, those who are between the ages of 80 and 89, and people who live alone. MoneyGeek, a website filled with financial resources, offers a comprehensive “Elder Financial Abuse Prevention Guide.” Please visit their website at to learn about the warning signs of financial exploitation, how to properly vet caregivers, and how to avoid common scams that target older adults. Resources to learn more about financial abuse and tips on how to report suspected crimes are also included.
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Tioga Opportunities, Inc.
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Owego, NY 13827

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