Financial abuse of Grandma a big problem for families
Financial abuse and exploitation of older Americans is on the rise, according to a recently released survey by the National Association of Professional Geriatric Care Managers.
Seventy-one percent of the 325 care managers surveyed nationwide said financial abuse and exploitation of the elderly are a growing problem in their communities.
• The top five types of financial abuse are:
•
• Theft of money or property by family members, friends or neighbors.
• Theft of money or property by a caretaker or in-home care provider.
• Investment schemes through the mail or phone.
• Home Repair scams.
• Getting senior to sign a deed, will, power of attorney through deception.
“Financial abuse of seniors is a growing problem,” said Emily Saltz, president of the geriatric care managers’ organization. “Families with older parents need to know the warning signs of this all too common and often hidden form of elder abuse. Our survey shows that close oversight of vulnerable adults by family members or qualified professionals is crucial.”
The top red flags to watch out for are:
• Unusual activity on bank accounts or credit cards that a senior can’t explain.
• A new “best friend” of the senior has appeared, who’s becoming heavily involved in personal activities.
• A friend, paid caregiver or trusted employee is isolating a senior from others.
• Another family member becomes secretive or defensive about a parent’s finances.
• Missing belongings or property.
The survey was conducted March 4-8.
Seventy-one percent of the 325 care managers surveyed nationwide said financial abuse and exploitation of the elderly are a growing problem in their communities.
• The top five types of financial abuse are:
•
• Theft of money or property by family members, friends or neighbors.
• Theft of money or property by a caretaker or in-home care provider.
• Investment schemes through the mail or phone.
• Home Repair scams.
• Getting senior to sign a deed, will, power of attorney through deception.
“Financial abuse of seniors is a growing problem,” said Emily Saltz, president of the geriatric care managers’ organization. “Families with older parents need to know the warning signs of this all too common and often hidden form of elder abuse. Our survey shows that close oversight of vulnerable adults by family members or qualified professionals is crucial.”
The top red flags to watch out for are:
• Unusual activity on bank accounts or credit cards that a senior can’t explain.
• A new “best friend” of the senior has appeared, who’s becoming heavily involved in personal activities.
• A friend, paid caregiver or trusted employee is isolating a senior from others.
• Another family member becomes secretive or defensive about a parent’s finances.
• Missing belongings or property.
The survey was conducted March 4-8.
No comments:
Post a Comment
Thank you for commenting.
Your comment will be held for approval by the blog owner.