Preventing Financial Elder Abuse & Exploitation with Dr. Peter Lichtenberg
Description
#067- One out of every 20 older adults in the U.S. is a victim of financial exploitation, losing an average of $80,000 to $186,000 (olderadultnestegg.com). The vast majority of elder financial abuse cases are most likely to be somebody the older adult knows: family members (54%), 31% care workers, and 13% partners (Jackson, 2016).
Banks and money service businesses reported a 400% increase in suspicious activity from 2013-2017. The vast majority of this suspicious activity involved people over 60 (olderadultnestegg.com).
Today's guest, Dr. Peter Lichtenberg, is a national expert in preventing financial abuse and exploitation and reducing its impact on older adults.
In this interview, Dr. Lichtenberg reviews:
Examples of elder financial exploitation to help raise awarenessWhat increases risk for financial vulnerabilityResources to help older adults, caregivers, and professionals prevent elder financial exploitationThe SAFE Program: Successful Aging through Financial EmpowermentResources to help older adults recover from identity theft
Click here to visit the show notes page to learn more.
For Families: Click here to download the Mental Health & Memory Loss Guide
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