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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

4 min

Are people with dementia more likely to be scammed?

According to the Social Security Administration, people with dementia face an especially high risk of becoming victims of financial fraud and abuse. The decline in memory, judgment, and other thinking skills compromises their ability to make sound financial decisions, making people with dementia more likely to be scammed.

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5 min

What is one way you can help seniors prevent abuse of their funds?

According to the National Council on Aging, financial scams targeting older adults result in billions of dollars in losses each year. A crucial way to combat this devastating trend and help prevent abuse of their funds is to establish a system of financial oversight and monitoring with a trusted third party, often a close family member or financial professional. This proactive step provides a critical layer of protection against exploitation, whether from malicious individuals or simple errors in judgment.

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4 min

What Are the Elements of Financial Elder Abuse?

Financial elder exploitation is an insidious and growing problem, with victims losing billions of dollars annually. Understanding what are the elements of financial elder abuse is a crucial step for anyone seeking to protect seniors and their financial well-being.

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6 min

What is the meaning of financial exploitation?

According to the FBI, scams targeting individuals aged 60 and older resulted in over $3.4 billion in losses in 2023. This staggering statistic underscores the critical importance of understanding what is the meaning of financial exploitation and how to combat it, especially for older adults and their families.

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5 min

How Can I Protect My Elderly Parents' Bank Account from Fraud and Exploitation?

According to the National Council on Aging, financial scams cost older Americans an estimated $2.9 billion annually. Protecting your elderly parents' bank account is crucial in safeguarding their financial well-being and peace of mind. This comprehensive guide outlines practical steps to prevent fraud and exploitation.

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