Posts Tagged: senior financial exploitation

Elder Financial Abuse

Seniors, especially those living independently or who have an Alzheimer’s or dementia diagnosis are vulnerable to financial scams and financial abuse. According to the U.S. Securities & Exchange Commission, there are three reasons for this: Seniors typically hold more liquid wealth in terms of savings, retirement holdings, and checking accounts. Cognitive decline makes them more… Read more »

Improving Senior Financial Literacy

In 2004, the American Society on Aging sponsored a study to evaluate the financial knowledge of Americans age 50+, which included a survey of three simple yes/no questions that assessed the knowledge of the respondents on concepts such as inflation, risk diversification and interest rates.*At that time only one third of respondents could answer all… Read more »