3 Prevalent Type of FInancial Elder Abuse

After a lifetime of hard work, seniors should not have to constantly worry over the security of their assets. Unfortunately though, there are many who capitalize on others’ old age and financially exploit them.

A 2011 MetLife Mature Market Institute study found that annual financial loss of elder exploitation amounted to around $2.9 billion in 2009, a 12% increase from the previous year. The next year in 2010, an Investor Protection Trust Elder Fraud Survey determined one in five Americans above the age of 65 have been a victim of financial