Financial Elder Abuse Resources

fraud, scam, elder financial abuse

Financial elder abuse is an issue that affects hundreds of thousands of individuals in the elderly community each year. In an effort to try and combat elder financial abuse and educate all women about this devastating problem, WISER compiled a list of helpful resources and links below.

Signs that someone may be a victim: 

  • Failure to pay bills
  • Failure to buy food or medication
  • Large amounts of money withdrawn or transferred
  • Missing personal property or belongings
  • Isolation of the elder from friends or family
How can you help?
  • Be aware! It can happen to anyone.
  • Pay attention! Look for signs of financial abuse among your family and friends.
  • Educate seniors! Make sure they know financial abuse risks and what to look for.
  • Involve others! Advise older adults to contact caregiver support groups if they need help.
  • Stay knowledgeable! Learn about your community’s resources.
  • Report! If there are any signs of wrong doing, immediately file a police report. 

 

For more information, check out WISER's 8 briefs on elder financial abuse. Each brief covers a different topic to help you and your loved ones stay financially protected.

Elder Financial Abuse
Annuity and Living Trusts Scams
Deed Theft and Foreclosure Rescue Scams
Healthcare Scams and Other Common Types of Fraud
Power of Attorney Abuse
Reverse Mortgage Scams
Undue Influence
Identity Theft and Credit Card Fraud

Toolkit Available!  Savvy Saving Seniors: Steps to Avoiding Scams
WISER, in partnership with the National Council on Aging and with support from the Bank of America Charitable Foundation, has developed a toolkit to help educate seniors on how they can protect themselves against financial fraud. Older adults represent 12% of the U.S. population, but make up 35% of all fraud victims. The Savvy Saving Seniors: Steps to Avoiding Scams toolkit includes:

Get tips on how to use this toolkit by listening to the webinar.


CEASE Coalition
The Coalition to End Elder Financial Abuse - A National Strategy of Prevention, Protection and Restitution

AARP's Fraud Watch Network
The AARP Fraud Watch Network provides information about how to protect yourself and your loved ones.  You can sign up for Watchdog alerts, stay up on con artists' latest tricks, and find out what to do if you or someone you know has been victimized.

Elder Justice: Stronger Federal Leadership Could Enhance National Response to Elder Abuse
Included in this report are statistics on indiviudal state incidences of elder abuse and the wide range of financial elder abuse that exists throughout the country

Elder Abuse: A Women's Issue
WISER featured in OWL's Report on Elder Financial Abuse

WISER/NAPSA Brief: Elder Financial Abuse
National Adult Protective Services Association (NAPSA) and WISER teamed up to develop this new brief discussing the issues of elder financial abuse

California Advocates for Nursing Home Reform (CANHR)
Through direct advocacy, community education, legislation and litigation, CANHR’s goal is to educate and support long term care consumers and advocates regarding the rights and remedies under the law. 

The MetLife Study of Elder Financial Abuse
This study focuses on crimes of occasion, desperation, and predation against America's elders.

Planning Tips: Preventing Elder Financial Abuse For Family Caregivers
This resource provides tips on how elders can avoid finding themselves in vulnerable financial situations.

Ageless Alliance: United Against Elder Abuse
A grass-roots movement connecting people of all age groups to identify, prevent and eliminate elder abuse.

The National Long-Term Ombudsmen Resource Center
NORB developed consumer fact sheets with a grant from the Administration on Aging for the National Center on Elder Abuse (NCEA). These sheets discuss the prevention, detection and reporting of financial exploitation in assisted living and nursing homes. 

WISER's Resources

Don't Be A Victim: Protect Yourself and Those You Love From Financial Abuse

Protecting Your Income: Tips for Elders

WISER Special Report: Senior Fraud

Financial Abuse Prevention Checklist

WISER's Too Good to Be True Checklist

 

For additional information on financial fraud and abuse click here.

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