What is the official definition of financial abuse? The Center for Financial Security denotes financial abuse as "controlling a person's ability to acquire, use, and maintain economic resources." ...
Here's the breakdown: Elder financial abuse covers a wide range of abusive conduct designed to extract a monetary or material gain from an elderly victim. There's no uniform definition of elder ...
One in 10 older Americans experience abuse, and financial abuse is one of the most common forms. According to the National Council on Aging, up to 5 million Americans suffer from financial elder ...
In fact, experts fear that only 1 in 44 cases is reported. The True Link Report on Elder Financial Abuse 2015 estimates that more than $36 billion is fraudulently taken from the elderly every year.
It wasn’t until Julie* had left her husband that she realised she was a victim of financial abuse. “After we divorced, he wouldn’t give me his address, because he didn’t want to pay child ...
What can you do to protect your loved ones? It starts by understanding elder financial abuse, learning how to spot red flags, putting preventive measures in place and knowing how to report ...
Economic abuse can wreak havoc on your financial and mental health. Here's are things you can do to regain your freedom and stability. One in three. That’s how many women will experience ...
Types of elder abuse include physical, emotional, sexual, financial exploitation, neglect and abandonment. The resources we’ve collected here focus on financial exploitation. Elder financial ...
The Australian Financial Complaints Authority (AFCA) has launched two consultations on how it should improve its approach to handling complaints related to financial elder abuse and family violence.