Elder Financial Abuse, Private Wealth – What Are You Doing to Protect Yourself?

Elder financial abuse is a growing problem, leaving destroyed relationships and economic destruction in its wake.  From straightforward theft to slow development through complex relationships, the tremendous loss of wealth incurred by senior citizens results in premature deaths and intergenerational loss of wealth. It ultimately rips at the fabric of society as a whole as trust among family members and faith in financial institutions are destroyed. 

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NAWRB’s ‘Next Chapter’ Addresses Elder Financial Abuse

Elder abuse is a worldwide, and often silent, issue affecting the older population in various forms, including financial, physical, psychological and sexual abuse, and neglect. According to the World Health Organization (WHO), 15.7 percent of people 60 years and older experience abuse, while only 4 percent of these instances are reported. The aging population is increasing rapidly in countries across the globe, and only 40 percent of countries have a national plan in place to address elder abuse.

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