Categories: Retirement Life

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.

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Share
Published by
M. C.

Recent Posts

How To Pay Your Taxes With Your Credit Card in 2022

For this topic, it's worth quoting Benjamin Franklin who once said: "In this world, there…

2 years ago

8 Ways To Avoid Retirement Poverty

If you're about to retire, then you probably want to be sure you'll never be…

2 years ago

13 States Where Your Freedom Is Respected

There is a research center at George Mason University called the Mercatus Center, which has…

2 years ago

18 Places Where Social Security Is More Than Enough

Social Security is definitely a safety net for lots of Americans. You might not even…

2 years ago

7 Ways To Budget Your Groceries in Retirement

We go grocery shopping throughout our whole lives, and that's a fact. Given the fact…

2 years ago

14 Retirement Cities With Awful Weather

When it comes to retirement, things like income, taxes and retirement plans are always prioritized.…

2 years ago