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Elder Financial Abuse

Why Have Our Parents Become Targets for Financial Abuse?

Robert Mauterstock | Posted 10.05.2016 | Fifty
Robert Mauterstock

Scam artists go where the money is. Forty-four percent of all wealth in America lies with older Americans. In addition, the concentration of people in this category is growing by 8,000 people per day as the baby boomers--those born after 1945 and prior to 1965--enter this peak wealth stage of their life in record numbers beginning in 2011.

A Screen Legend's Appeal To Congress To Stop 'Chronic Elder Abuse'

Martha T.S. Laham | Posted 09.19.2016 | Fifty
Martha T.S. Laham

In March 2011, the 90-year-old Mickey Rooney, a national treasure and an award-winning film legend best known for his work in such classic movies as 'National Velvet,' headed to Capitol Hill in Washington to address the elder abuse problem in the United States.

1 in 5 Seniors Has Fallen Prey to a Financial Swindle, But This Is Just the Tip of the Iceberg

Martha T.S. Laham | Posted 08.11.2016 | Fifty
Martha T.S. Laham

You've probably heard of a durable power of attorney (DPA), which is a simple, easy legal tool to help you with financial assistance if you need it. However, the DPA is just as easy for people to obtain and misuse.

Elder Abuse Growing into a National Crisis

Martha T.S. Laham | Posted 06.11.2016 | Fifty
Martha T.S. Laham

Do you know what America's "dirty little secret" is? The hidden problem of elder abuse, according to the National Clearinghouse on Abuse in Later Life (NCALL). Here's what you should know about this serious social problem.

How to Spot and Prevent Senior Financial Fraud

Jim T. Miller | Posted 08.17.2013 | Fifty
Jim T. Miller

Spotting a scam or a con artist is not always easy to do. They range from shady financial advisers to slick-talking telemarketers to professional caregivers and relatives who steal from the very people they're supposed to be looking after.

Financial Abuse Of U.S. Seniors Is 'A Hidden Epidemic'

Posted 06.15.2012 | Fifty

The Consumer Financial Protection Bureau is launching new efforts to protect aging Americans from the rising crime of financial exploitation and abus...

Elder Financial Abuse Crimes Spike

Posted 10.01.2011 | Impact

Financial abuse robbed elder Americans of an estimated $2.9 billion last year, up 12 percent from 2008, according to a MetLife Mature Market Institute...