Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Ways Seniors Suffer Financial Abuse

July 13, 2021 · Retirement Life
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.

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

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published.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

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

11 Essential Facts About Assisted Living You Need to Know

Happy seniors enjoy social connection and laughter while playing a board game in a cozy…

Read More →

10 Expenses You Don’t Have To Worry About in Retirement

The general belief is that you need 80% of your preretirement income to have enough…

Read More →

15 Things That Make Seniors’ Lives Easier

Gadgets, whether they’re meant for the kitchen, bathroom aids or for everyday activities can help…

Read More →

Here’s the No. 1 Reason Seniors Work Well into Retirement

A recent poll has looked at the retirement situation in America, bringing to light some…

Read More →

6 Things that Might Happen to Social Security if Trump Gets Reelected

For millions of Americans, Social Security is a major source of income, if not their…

Read More →
A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement.

10 Best Places to Retire That Won’t Break the Bank

Discover the 10 best affordable places to retire, balancing low housing costs, tax-friendly policies, and…

Read More →

Top 10 Retirement Planning Apps You Need To Download Today

A well-done retirement planning will ensure you the retirement income goals you wished for. It’s…

Read More →

25 Smartphone Accessibility Settings You’re Not Using (But Should)

Thanks to smartphones, it is much easier for us to communicate with others and complete…

Read More →

5 Pros & Cons for Claiming Social Security Early

The question of when to claim Social Security benefits is on every senior’s mind. Should…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.