Financial exploitation is the illegal or improper use of an older adult’s money or property, often by someone in a position of trust, such as a caregiver or relative.
Financial exploitation is the illegal or improper use of an older adult’s money or property, often by someone in a position of trust, such as a caregiver or relative.
Financial exploitation involves the illegal or improper use of an older adult’s money, property, or assets. This abuse may be committed by strangers or trusted individuals, including family members, caregivers, or professionals.Common tactics include fraud, theft, coercion, or unauthorized account access. Seniors are especially vulnerable due to cognitive decline or social isolation. Financial exploitation can have devastating effects, reducing quality of life and limiting access to care. Awareness, legal protections, and regular financial monitoring are essential for prevention.
Financial exploitation is the illegal or improper use of a senior’s money, property, or assets. This can involve scams, undue influence, or even theft by someone the senior trusts—such as a caregiver, friend, or family member.Seniors are often targeted due to cognitive decline, isolation, or unfamiliarity with digital banking. Preventing financial exploitation protects independence, dignity, and long-term security. Education, legal safeguards, and regular financial reviews can reduce risk and empower older adults to protect what they’ve earned over a lifetime.