Although instances of elder financial abuse are on the rise, a report by The MetLife Study of Elder Financial Abuse reminds us that elder financial abuse is by and large “underreported, under-recognized, and under-prosecuted.”
If you witness or experience any form of elder abuse, immediately contact Adult Protective Services in the county where the senior resides.
Recently, public and private organizations have stepped up their efforts to raise awareness about the financial exploitation of elderly investors. Below is a collection of links and resources aimed at protecting seniors from financial abuse.
- Kiplinger Magazine: The Crime of the 21st Century. Click here to download Special Report from Kiplinger’s Personal Finance
- Investor Protection Trust: A nonprofit organization devoted to investor education. Elder Investment Fraud and Financial Exploitation Prevention Program
- AARP: Five Tips to Help You Avoid Investment Fraud