Elder Financial Abuse Continues to Grow
I am always dismayed to see the statistics that show how fast elder financial abuse is growing. It pains me to read how our elders have been abused. I have a very difficult time understanding how someone can abuse another person, especially our elders. I was taught to respect my elders - not abuse them.But, the fact remains that elder abuse, especially elder financial abuse, is on the rise at a rapid pace. It is therefore critical that each of us pay close attention to our elders and try to identify - and then report - any kind of elder abuse.
How Can You Help?
There are many, many websites, help phone lines and agencies that have been set-up to address elder financial abuse.The North American Securities Administrators Association has published a website called Serve Our Seniors that provides lots of resources where seniors can get help, including a hot line.
FINRA, which regulates the securities industry, has also set-up a Senior Help Line. Seniors can call the help line at (844) 574-3577 for assistance, information and/or to discuss any securities issue where they have been harmed (or perceived to have been harmed). This help line has been credited with saving seniors retirement funds and in a few cases actually saving their lives.
You can also Google elder financial abuse and find many other ways to assist elders that are going through any kind of abuse.
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