Elder abuse is a growing problem that affects thousands of elderly individuals. Many times, abuse is well hidden and elders feel ashamed of being victimized, making it difficult to correct the situation. As the adult child, family member or friend of an elder, you can help prevent abuse by knowing the signs and what to do if abuse is suspected. The questions and answers below will help you identify elder abuse and prevent any further abuse.
What is elder abuse?
According to the Administration on Aging, elder abuse is a violation of human rights and a significant cause of illness, injury, loss of productivity, isolation and despair.
What are the types of elder abuse?
Continue Reading Elder Abuse: Signs of Abuse and How You Can Prevent It
Identity theft isn’t just an unauthorized charge on a credit card. Identity theft, according to the Federal Trade Commission, “occurs when someone uses your personally identifying information, like your name, Social Security number or credit card number, without your permission, to commit fraud or other crimes.”
Although financial institutions, health care companies and other businesses have taken steps to improve security measures, you cannot rely on them to protect you. Taking steps now can prevent you from a major headache later.
PREVENTION – Be sure to always review your monthly statements from your checking or other financial accounts. The earlier that you catch an error, the easier it will be to resolve it. Also, balancing your check book will help you see where your money is going and will help you spot any unauthorized charges or withdrawals. Continue Reading Steps to Prevent Identity Theft and What to Do if It Happens
Financial fraud is one of the fastest growing forms of elder abuse. Financial elder abuse is when someone illegally or improperly uses a vulnerable senior’s money or other property. Many states now have laws that make elder financial abuse a crime and provide ways to help the senior and punish the scammer.
Elder financial abuse is tough to fight because it often goes unreported. Many elder victims are often too confused, fearful or embarrassed by the crime to report it. A recent study by Consumers Digest estimated that there are five million cases of this financial abuse in the United States each year, but law enforcement only learn about one in twenty-five cases.
You can protect yourself and your loved ones from financial elder abuse by familiarizing yourself with the most common scams and learning what to do if you suspect foul play.
Scammers target elders that they perceive to be vulnerable. It is often those who are isolated, lonely, physically or mentally disabled, unfamiliar with handling their own finances or have recently lost a spouse. Continue Reading Scam Alert! Financial Scams Targeting Seniors