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Elder Financial Exploitation

June 1, 2018

Three interrelated sets of factors are at work: health-related effects of aging; financial and retirement trends; and demographic trends. Cognitive decline is a key factor, whether brought on by disease or other changes in the aging brain even without the presence of disease. When cognitive decline begins, financial impairment is often one of the earliest signs for patients, families, and doctors. Physical decline and dependency are also risk factors for elder financial exploitation. So, too, is the wealth of older generations, which makes them targets for financial exploitation. Paradoxically, though, the elderly poor are at even greater risk of financial exploitation.

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Elder Financial Exploitation