Financial Exploitation among the elderly is widespread and costly. Fraud doesn’t only impact the victim; it impacts the entire family. It causes confusion, disrupts lives and can tear families apart. Here are some facts:
- One in 25 cases of all elder abuse is financial abuse
- People 60 years and older were 26 percent of ALL fraud complaints tracked by the Federal Trade Commission in 2015 – most of any age group.
- The annual loss by victims of elder financial crimes and exploitation exceeds $13 Billion dollars annually.
- Elder abuse threatens the health, dignity, and economic security of millions of Americans.
By joining the DivvyCare family, we will monitor your bills and let you know if something is out of the ordinary. Your secure DivvyCare Sharing Tool will ensure that your funds are paid directly to your bills powered by DivvyCare. We will help you stay informed – Fraud is on the rise!
Read below for current information about Fraud and the Senior Community
Elder fraud is an act targeting older adults in which attempts are made to deceive with promises of goods, services, or financial benefits that do not exist, were never intended to be provided, or were misrepresented. Financial exploitation is the illegal or improper use of an older adult’s funds or property. Click on this article …