The federal government has kicked into high gear regarding elder financial abuse. But the best way to prevent it from happening remains to take precautions on your own behalf or on behalf of your parents and grandparents.
Elder Abuse Takes Many Forms
Elder Financial Abuse Can Happen to Anyone
Widely considered one of the most pressing problems of our times, elder abuse and particularly elderly financial abuse have received national attention, thanks to initiatives by the Department of Health, the Department of Labor, and the Obama Administration. These agencies have focused on the loss of billions of dollars per year in retirement savings among not just millionaires but ordinary hard-working and retired Americans.