Today, there are over 40 million people 65 or older in the U.S. Unfortunately, this demographic, especially those with dementia and cognitive impairment, is left especially vulnerable to financial abuse. Almost three billion dollars is wrongfully taken from older adults annually, a number that continues to grow as Americans are now living longer. Such… Continue reading Elder Financial Abuse: Signs and Prevention
Tag: schemes
Common-Sense Advice for Protecting Yourself from Financial Schemers
My friend’s mother, who is in her 70s, got a letter in the mail printed on official-looking letterhead of a familiar bank, which informed her that a long-lost account had been discovered. It had money that she could reclaim if she telephoned before a certain date. The woman had done business with that bank and… Continue reading Common-Sense Advice for Protecting Yourself from Financial Schemers