A growing concern for many people in their 50s or 60s: Will my mom or dad become the victim of elder fraud? Sadly, the chances are pretty good. In fact, at least 20% of older adults have been victims of elder financial abuse, according to the Center fo… Continue reading
Financial exploitation of older Americans seems to be getting worse. The Treasury Department reported a 17% increase in the number of cases in 2017 vs. 2016, the latest figures available. And the Center for Financial Services Innovation says at least 2… Continue reading
Ronald Long, the St. Louis-based director of Wells Fargo’s Elder Clients Initiatives team since 2014, created what’s become a key brokerage industry tool to protect older investors from elder financial elder abuse. Long and his team originated the “In … Continue reading
Ageism can creep into public policy and negatively affect millions of older Americans. A prime example: the nation’s failure to prevent elder abuse despite the upcoming 10th anniversary of the bipartisan Elder Justice Act in March 2020. Passing that la… Continue reading
If you’re worried about your parents becoming victims of elder financial abuse, you’ll be cheered to hear that financial advisers, brokers and banks are taking serious steps to detect and halt the fraud. That’s due to new rules from the brokerage indus… Continue reading