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January 18 , 2010

The Absolutely Essential Guide to Understanding Elder Financial Abuse


Percent of female elder abuse victims: 67.3 %
Median age of elder abuse victims: 77.9
Percent of white victims: 66.4 %
Percent of black victims: 18.7 %
Percent of hispanic victims: 10.4 %

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International Elder Abuse Awareness Day is June 14th as declared by the United Nations.

The amount of financial abuse perpetrated against the elderly in the United States has grown to epidemic proportions. Because the elderly are the fastest-growing segment of our population, more and more victims and their families are reporting its occurrence.

There are many scams that target the senior citizen. These include scams involving prizes, sweepstakes and lotteries; and the emergency or grandparent scam, where the scammer pretends a family member is in trouble, and requests that money be sent urgently to help.

In 2011 MetLife Mature Market Institute estimated that financial abuse robbed elder Americans of an estimated $2.9 BILLION in 2010, and that was up significantly from 2008.

If have a family member or friend that's a senior citizen, you must see this quick and easy to read book. It could save you and others huge amounts of money and aggravation. If I had known then what is in this book, the financial abuse of my elderly father would never had happened.

Don't let it happen to you or someone you care about. Read this book and you''ll learn to how to prevent and recognize individual cases of elderly economic abuse.

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