Older adults need protection from financial abuse by family members

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Older adults need protection from financial abuse by family members
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A mentor once told me that we take better care of our pets than we do older victims of mistreatment. As a researcher, I have sat across from people, including grown men, crying while recounting har…

A butterfly with a family photo seen during Walk4ALZ, San Diego’s annual walk to support San Diegans living with dementia and their caregivers, at Balboa Park on Saturday, Oct. 19, 2024 in San Diego, CA. A mentor once told me that we take better care of our pets than we do older victims of mistreatment.

For some reason, our concept of caregiving does not include the care provided to help victimized older people. Yet, $28.3 billion is lost annually by older victims to financial exploitation of which 72% is lost to family and friends. In many cases, caregivers perform financial abuse-related caregiving in addition to illness-related caregiving as many perpetrators take advantage of the older person’s deteriorating health to start exploiting.

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