10 Ways Seniors Suffer Financial Abuse

Photo by Photographee.eu from Shutterstock

As you get older, you need to know you can rely on someone to take care of you and your properties. As eerie as it sounds, the reality is a bit different. Nowadays, financial abuse of the elderly is a very common practice, specifically in the US.

According to the U.S. Department of Justice, financial abuse has been often reported and of the most common form of abuse on the elderly. Financial abuse is an illegal form of exploitation that targets elderly people, mostly because of their incapacity of managing their assets and properties on their own.

Whether we speak about a mental illness, like dementia, or a chronic disease that no longer allows the senior to make his/her own decisions, there are various reasons why elder people might need some help with their money.

1 2 ... 12»

Leave a Comment

Your email address will not be published. Required fields are marked *

Personal Finance

Retirement Life

Saving & Spending