elder abuse, financial insecurity and exploitation
The most financially vulnerable include ethnic minority and immigrant older adults, those with a disability, and those in need of long-term care.
of households with adults age 60 and over—or 32 million households—are struggling financially today or are at risk of falling into economic insecurity as they age.
Financial exploitation of older adults is a prevalent and underreported crisis; in the U.S. it is estimated that older adults are exploited for an estimated $3 billion to $36 billion annually. Financial abuse of older adults is the most common type of elder abuse and is associated with significant health issues.
of adults age 65 and older will experience some form of elder abuse in a given year, with some older adults simultaneously experiencing more than one type of abuse.
Elder Abuse can be by family members, strangers, health care providers, caregivers, or friends. Types of abuse include physical, emotional, sexual, financial, abandonment, and neglect. Abuse can happen to any older adult, but it most happens to women, and especially to those who have no family or friends nearby and people with disabilities, memory issues, and dementia.
Older Adults Facing Growing Financial Insecurity in Retirement by Leading Age @ Umass Boston
USC team to study link between financial decision making and Alzheimer's disease by City News Service on msn.com
Economic Inequalities in Old Age
by Department of Economic and Social Affairs program on ageing.
Community-dwelling older adults who are low-income and disabled weathering financial challenges by Science Direct
The Financial Vulnerability of Older Adults by Institute for Public Health