If you suspect elder abuse has been or is being committed, visit the National Center on Elder Abuse (NCEA)\u00a0and contact the appropriate authorities in your area.<\/strong><\/p>\n Here\u2019s a sobering statistic: Americans over the age of 60 lose an estimated $23.8 billion annually to elder financial exploitation (EFE) according to the American Association of Retired Persons (AARP.)<\/p>\n And if that\u2019s not bad enough, 87.5% of these cases are perpetrated by someone the victim knows.<\/p>\n As our loved ones age, it\u2019s crucial to ensure they\u2019re protected not only physically but also financially. Identifying and preventing financial elder abuse requires vigilance, education, and proactive measures. Here are some common signs of financial elder abuse.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Financial elder abuse can take various forms, including fraud, identity theft, and exploitation. Here are some warning signs that could indicate someone you know is being victimized:<\/p>\n No one deserves to live with the aftermath of: \u201cWhat could I have done differently to prevent this from happening?\u201d Here, we offer some actionable steps you can take to avoid worst case scenarios.<\/p>\n Are you providing care for or financially supporting a senior family member? If so, it\u2019s important to remember that putting on your own oxygen mask helps you as you support others.<\/p>\n In addition to the Identity Theft and Fraud Protection information and Interactive Budgeting Worksheet we included above, you can also connect to free financial counseling at GreenPath. Our empathetic and certified counselors can help you revisit your budget to accommodate caregiving costs. You are not alone.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Identifying Financial Elder Abuse<\/h2>\n
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Preventing Financial Elder Abuse<\/h2>\n
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