As the population of older adults continues to grow, the risk for the financial exploitation of this group is also on the rise. While anyone can be a victim of financial exploitation, older adults may be especially targeted because they have regular income and assets; may be lonely and isolated; and may be vulnerable due to the loss of a spouse. Abusers can be anyone – family members, financial advisors, caregivers, contractors or scammers. Here are tips to help older adults protect themselves in several scenarios.
Tips when using a caregiver or in-home helper
- Secure valuables
- Require receipts for purchases…