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  • Archive for the ‘World Elder Abuse Awareness Day’ Category

    World Elder Abuse Awareness Day

    Tuesday, June 14th, 2011

    Did you know that elders throughout the United States lose an estimated $2.9 billion or more annually due to elder financial abuse and exploitation? These funds could easily have been used to pay for an elder’s basic needs such as housing, food, and/or medical care.

    Elder financial abuse is an injustice that needs to be brought to the public’s attention. World Elder Abuse Awareness Day provides us with an opportunity to shed light on this incredibly devastating problem and to promote a dialogue around providing resources and education to helping elders avoid such an unfortunate fate.

    MetLife’s Mature Market Institute, in collaboration with the National Committee for the Prevention of Elder Abuse (NCPEA), and the Center for Gerontology at Virginia Tech, released a study this year that provides a comprehensive understanding of the extent and implications of elder financial abuse in our society. The overview of the study suggests that,

    “Older individuals can be especially vulnerable to financial abuse or exploitation at the hands of others. Individuals with physical or cognitive impairments are at even greater risk. The source of mistreatment may be a stranger or someone an individual’s trusts – even a family member. As a caregiver, it is important that you are alert to signs of elder financial abuse and that you are able to help your family members take precautions to prevent them from becoming victims.”

    To read more about this report and to access a list of resources that can both educate and assist in the fight against elder financial abuse please go to our Financial Elder Abuse Resource page here. Take the time today to educate yourself and others so that as a society we are more aware of worldwide elder abuse.

    WISER

    About Us

    WISER is a nonprofit organization that works to help women, educators and policymakers understand the important issues surrounding women's retirement income. WISER creates a variety of consumer publications including fact sheets, booklets and a quarterly newsletter that explain in easy-to-understand language the complex issues surrounding Social Security, divorce, pay equity, pensions, savings and investments, banking, home-ownership, long-term care and disability insurance.

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