I had never heard of the term "Elder Financial Exploitation" under just recently. Here is some information from the National Adult Protective Services Association.
- Financial exploitation is a fast-growing form of abuse of seniors and adults with disabilities. Situations of financial exploitation commonly involve trusted persons in the life of the vulnerable adult such as: caretakers, family members, friends and acquaintenances, attorneys.
- 90% of abusers are family members or trusted others
- Elder-abuse is vastly under-reported; only one in 44 cases of financial abuse is ever reported.
- Conitive impairment and the need for help with activities of daily living makes victims more vulnerable to financial abuse.
For more information see:
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