Articles Tagged with elder abuse

A recent New York Times article spotlights a renewed approach and increased legislative response to financial elder abuse. Featured in the article are personal accounts of real people whose family members and close friends have been affected by elder financial abuse.

Investment fraud and financial abuse directed towards seniors and the elderly has been a rising concern. We recently featured an issue focusing on the problem of increased elder financial abuse. Most elder abuse is perpetrated against those between the ages of 80-90, suffering from degenerative diseases such as Alzheimer’s.

Now, the issue is getting legislative attention. According to the Times article, 33 states have considered the issue of specific laws directed at financial abuse against the elderly. Other states are revisiting their existing laws.

Senior Scams: Preying on the Nation’s Vulnerable

Senior scams being perpetrated against some the country’s seniors and the elderly has been on the rise over the past few years. Seniors are especially vulnerable to fraud due to health issues or the natural effects of aging.

A USA Today report states that a hotline set-up by the Senate Aging Committee received twice as many calls for senior scams involving claimed tax debts in 2016 than any other complaint. The “tax debt” senior scam also topped the Committee’s annual report comprising reported financial scams for the year.

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