Elder Financial Abuse: The Hidden Crime

Elder Financial Abuse: The Hidden Crime

How to identify elder financial abuse in your community
and help stop it.

What Will We Cover?
A Table of Contents

  • Definitions | pg. 3 – 6
  • The Victims | pg. 7 – 10
  • Guiance and Red Flags | pg. 11 – 13
  • How You Can Help | pg. 14

Elder abuse can encompass a wide range of forms, not just financial. Many of the other types of elder abuse have tell-tale signs financial institutions may be able to recognize and report.

For example, if an elder is being abused physically, there may be bruising, new injuries apparent or sudden confinement to a wheelchair after a history of good physical health. If you see circumstances like this, you may want to review that person’s financial accounts for suspicious activity.

Psychological abuse is one of the most common forms of elder abuse and often a vehicle used to coerce. At its worst, it can be done by family members or caregivers that beat them down verbally and psychologically. This kind of abuse can take a toll on anyone, especially the elderly who are already more susceptible to this kind of abuse.

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