Addressing elder financial exploitation during holidays
The holidays are a great time to reconnect with our loved ones, and a great opportunity to make sure that our more vulnerable family members are safe from fraud and scams. Federal data suggest that losses from elder financial abuse perpetrated by a known person are greater than when fraud is perpetrated by anonymous scammers. Far too many families find out about financial abuse too late and regret not seeing the signs or asking more questions. The Federal Trade Commission said that in 2021, people lost a record $5.8 billion to a range of schemes, a 70% increase over the previous ...