Scott AKA Mr Bullet.
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the forum is www.dementiafraud.forumotion.com
Eventually, a person with dementia will need someone else to manage their money. Sadly this can put them at risk of financial abuse if they trust the wrong person, says Olivia Nash
A person with dementia may have little choice but to rely solely on others to handle their financial affairs. In a survey conducted by King’s College for the Alzheimer’s Society in 2011, it was revealed that 76 per cent of those with dementia had struggled to manage their finances.
Sadly, financial abuse of the elderly is not uncommon. The charity Action on Elder Abuse reports that 20 per cent of calls to its helpline concern financial abuse. A report by King’s College London and the National Centre for Social Research conducted in March 2007 revealed that financial abuse was the second most common form of mistreatment for those living at home. The study estimated that 57,000 people aged 66 and over in the UK had suffered financial abuse by a friend, relative or care worker in the past year, and 105,000 had experienced financial abuse since reaching the age of 65.
The study also showed that over 50 per cent of financial abuse is committed by a grown-up son or daughter. Nearly 70 per cent of financial abuse is by a family member.
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