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
It’s an issue we can’t ignore: The fastest-growing age group in our population needs our help, and we’re failing them miserably. For the first time in the history of the developed world, there are more of us over age 60 than under age 5. Women who reac… 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
Last week, I spent four days at the American Society on Aging’s 2019 Aging in America Conference and the What’s Next Boomer Business Summit, both in New Orleans. My goal: to learn and report on the latest news and trends concerning money, work and vol… 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
I always thought that the oldest people are the group that gets scammed. Certainly not a discerning 65-year-old who has written about scams and wisely deletes suspect emails. Well, add me to the Gotcha List. I was a victim of a computer virus scam. Her… Continue reading