The Absolutely Essential Guide to Understanding Elder Financial Abuse

By Winston Phillips

Percent of female elder abuse victims: 67.3 %
Median age of elder abuse victims: 77.9
Percent of white victims: 66.4 %
Percent of black victims: 18.7 %
Percent of hispanic victims: 10.4 %

International Elder Abuse Awareness Day is June 14th as declared by the United Nations.

The amount of financial abuse perpetrated against the elderly in the United States has grown to epidemic proportions. Because the elderly are the fastest-growing segment of our population, more and more victims and their families are reporting its occurrence.

There are many scams that target the senior citizen. These include scams involving prizes, sweepstakes and lotteries; and the emergency or grandparent scam, where the scammer pretends a family member is in trouble, and requests that money be sent urgently to help.

In 2011 MetLife Mature Market Institute estimated that financial abuse robbed elder Americans of an estimated $2.9 BILLION in 2010, and that was up significantly from 2008.

If have a family member or friend that's a senior citizen, you must see this quick and easy to read book. It could save you and others huge amounts of money and aggravation. If I had known then what is in this book, the financial abuse of my elderly father would never had happened.

Don't let it happen to you or someone you care about. Read this book and you''ll learn to how to prevent and recognize individual cases of elderly economic abuse.

• Language: English
• Publisher: infoway
• Release date: Jun 12, 2014
• ISBN: 9781310639258

Winston Phillips

Retired agricultural economist from Grenada. Attended Universities in Jamaica, Trinidad (University of the West Indies), and the USA (Penn State). Wide international experience. Book published in 2010 at 69 years old.

Book preview

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The Absolutely Essential Guide to Understanding Elder Financial Abuse

by Winston Phillips

Copyright (C) 2014

Smashwords Edition

ISBN-13: 978-1481930635

ISBN-10: 148193063X

All rights reserved.  No part of this work may be reproduced or transmitted in any form by any means, electronic or mechanical, including photocopying and recording, or by any information storage or retrieval system, without permission in writing from its writer, except by reviewers, speakers and others who may quote brief passages.

Table of Contents

Introduction

Overview

The Aftermath

Warning Signs That a Senior Citizen Could Be