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Called the “Crime of the 21st Century,” elder exploitation (also called financial or material exploitation, elder financial abuse, fiduciary abuse, or economic exploitation) is a powder key ready to explode as older adults become a proportionately larger share of the total population. One study called elder exploitation “a many-headed Hydra for both elders and their families, as the tentacles of exploitation reach far beyond a single event reported or a single elderly victim.”
What exactly is financial exploitation, and why should you be concerned about it?
What Is Financial Exploitation?
The National Center on Elder Abuse (NCEA) describes financial or material exploitation as “the illegal or improper use of an elder’s funds, property, or assets,” whereas the National Academy of Elder Law Attorneys (NAELA) states that “Exploitation is usually defined as taking financial advantage of a disabled or elderly victim.
Join me on March 20, 2017 @ 7:30pm EST, when I will share stories of elder exploitation and how to help. Dial 929-477-2779 to listen live or follow the conversation afterwards on Facebook .
