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Preventing Elder Financial Exploitation: Solutions to a Growing Threat
Image © [Vitalii Vodolazskyi] /Adobe Stock

06-15-23

Preventing Elder Financial Exploitation: Solutions to a Growing Threat

Elder abuse is a devastating problem that affects millions of seniors every year. In its 2022 Elder Fraud Report, the FBI’s Internet Crime Complaint Center reported total losses of $3.1 billion reported by victims over 60 years oldan 84 percent increase in losses from 2021. This alarming statistic reveals just how important it is to be aware of elder abuse and take steps to prevent it.

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