Retired in America

Your Guide to a Confident Retirement

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

12 Ways to Identify Financial Abuse Against Seniors

January 19, 2021 · Retirement Life
Close-up of a senior man examining a bank statement with a magnifying glass.
A senior carefully examines a bank statement with a magnifying glass to identify potential financial red flags.

Pay attention to red flags now

The coronavirus pandemic has affected people in more ways than imaginable, from isolating seniors from their families to thousands of people losing their jobs and closing their businesses and to a dramatic increase in the numbers of domestic violence cases during the lockdown. This has also paved the way for another type of abuse: the financial one.

The people at a higher risk of becoming victims of financial abuse are seniors, but it can easily happen to anyone else, as well.  According to the National Center on Elder Abuse, 90 percent of the abusers are family members or people the victims are familiar with, such as neighbors, friends or caregivers. Here are the red flags of financial abuse against seniors and learn how to prevent financial exploitation.

Related: Watch Out for These Cunning COVID-19 Vaccine Scams!

A caregiver looking over a senior woman's shoulder as she uses a laptop.
A stern younger woman leans over an elderly woman using a laptop, exhibiting potentially controlling behavior.

Observe caregivers

Something that may represent a warning sign about a possible hidden agenda is when a caregiver, acquaintance, family member or new partner suddenly becomes really interested in your finances. When they start asking too many questions about your balances, where you keep your accounts, when you receive your paychecks from your employer or Social Security, how much your property or household belongings are worth, you’d better be careful with the information you’re disclosing.

Pages: 1 2 3 4 5 6 7

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Your email address will not be published.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

  • An older couple in a cozy living room reviews a bank statement with a magnifying glass as paper money-airplanes float up. 10 Subscription Services Retirees Are Cancelling to Save Money
  • A female retiree sitting at her sunlit dining table with a health planner and pen, reflecting on her retirement healthcare plan. The Medicare Preventive Services Most Retirees Never Use
  • An older couple smiling as they unpack boxes in a sunlit living room with desert views outside. What Happens to Your Medicare If You Move to a Different State
  • An illustration of a retired man stepping off a calendar page onto green stepping stones labeled Special Enrollment. The Medicare Special Enrollment Periods Most Retirees Never Use
  • A retired man at his wooden kitchen table examines a prescription pill bottle alongside documents and a calculator in morning light. Why Your Medicare Part D Plan Might Cost More Next Year
  • A gouache illustration of a retired couple on a porch looking at a glowing path emerging from an envelope, symbolizing a path forward. The IRMAA Appeal Most Retirees Don't Know They Can File
  • Ink and watercolor illustration of reading glasses, an apple, and a hearing aid case on a wooden table. What Medicare Actually Covers for Dental, Vision, and Hearing
  • An editorial ink and watercolor illustration of an older adult standing before a giant calendar marked 65, symbolizing Medicare timing. The Medicare Enrollment Mistake That Triggers a Lifetime Penalty
  • An older couple enjoys lunch on a sunny stone terrace overlooking a coastal Portuguese town with terracotta roofs and a blue sea. This European Country Lets Retirees Live on Half Their US Budget
  • A grandmother stands quietly in a cozy kitchen while her adult daughter feeds a toddler at the table, capturing a subtle family moment. 10 Signs You're Overstepping as a Grandparent

Newsletter

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

Related Articles

9 Social Security Secrets to Maximize Your Benefits in Retirement

Whether Social Security benefits will be your key source of income in retirement or an…

Read More →

Top 11 Medical Alerts Systems

Medical alert systems have become a popular choice for many older Americans, especially those who…

Read More →

Will You Work During Retirement? 10 Shocking Retirement Stats!

Most seniors vividly dream about how they’re going to spend their time during retirement. Will…

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 →
A retired couple in hiking gear stands on a rocky mountain overlook, gazing at a vast valley with a winding river and snow-capped peaks.

12 Best States in America for Retirees Who Love the Outdoors

Discover the 12 best states in America for active retirees who love the outdoors, balancing…

Read More →

12 Ways To Relieve Your Financial Anxiety

The topic of financial anxiety has been for a very long time extremely underrated. Truth…

Read More →
A warm gouache illustration of an adobe home among scenic Southwest red-rock mountains and desert flora under a vast sunset sky.

9 Retirement Towns in the Southwest That Are Gaining Popularity as Arizona Gets Pricier

Discover nine affordable Southwest retirement towns offering beautiful scenery, lower costs, and tax benefits as…

Read More →

Mistakes That Can Sabotage Your Retirement

Sometimes, all it takes is one mistake to sabotage your retirement. In some cases, seniors…

Read More →
A watercolor illustration of a garden path with signs for retirement ages 62, 67, and 70 under a bright, sunny sky.

6 Easy Steps to Estimate Your Social Security Benefits

Learn how to accurately estimate your Social Security benefits in six simple steps to secure…

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

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.