“As many as one in 10 Americans age 60 and older who live independently may have experienced some type of abuse, including financial mistreatment, according to the 2010 National Elder Mistreatment Study, a survey of 5,777 older adults funded by the National Institute of Justice.”
“Older adults may also not report financial abuse for fear that their relatives may think they’re no longer capable of making financial decisions or of living independently. And if a family member is the perpetrator, there may be a reluctance to get someone they love in trouble, says Peter A. Lichtenberg, PhD, director of the Institute of Gerontology and the Merrill Palmer Skillman Institute and professor of psychology at Wayne State University.”
Read more about what the MADC’s Research Education Component Co-Core Leader, Peter Lichtenberg, has to say about financial abuse among elders, starting on Page 48 of the link HERE.