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Safeguard Your Financial Future: Understand Financial Abuse and Recognize the Warning Signs
Elder abuse is a widespread problem affecting hundreds of thousands of older Americans across the country. However, authorities believe elder abuse goes largely under-reported. The alarming statistics Every 1 in 25 financial exploitation cases are reported. This suggests there may be at least 5 million financial abuse victims every year. Between 1 to 2 million Americans age 65 or older have been injured, exploited or otherwise mistreated by someone whom they depend on for care. Studies indicate that elder abuse victims have a mortality rate 3 times higher than non-victims. Your first point of defense is knowledge. Arm yourself with the basics: What is financial abuse? Financial abuse is using an elder’s money or assets contrary to that person’s wishes, needs, or best interests. Examples include:
Calls are confidential and are directed to a trained elder abuse caseworker. The most serious, dangerous cases will be responded to within 24 hours. You can also call your local police department. Feel free to also contact Care Connection for more information. Downloads and Resources Elder Financial Abuse FAQs (pdf) National Center on Elder Abuse Missouri Department of Health and Senior Services |