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

5 min

What Is Financial Material Abuse? Understanding Exploitation and Control

According to a 2011 MetLife study, financial exploitation costs seniors at least $2.9 billion annually, though it is persistently underreported. So, **what is financial material abuse**? It is the illegal or unethical exploitation of a person's possessions, property, or money, often carried out by a trusted individual or intimate partner to gain control or financial benefit.

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5 min

What are the signs of financial material abuse?

According to the National Council on Aging, financial exploitation is the most common form of elder abuse, with victims losing an estimated $36.5 billion annually. Recognizing what are the signs of financial material abuse is the first and most critical step in protecting an older or vulnerable adult from exploitation by scammers, caregivers, or even family members. This guide provides comprehensive information on the red flags and steps to take if you suspect abuse.

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