According to a new study, the financial abuse of elders costs over 12 times what was previously thoght. Seniors are being ripped off for as much as $36.48B a year. Surprisingly, younger, urban well educated seniors lose more money than those who are older, less sophisticated and more isolated. The study shows us the risks. We need to warn our elders, monitor their financial activity and engage in ongoing conversations about their finances with t hem.
from Forbes - Business http://www.forbes.com/sites/carolynrosenblatt/2015/01/29/have-we-grossly-underestimated-the-extent-of-financial-elder-abuse/
from Forbes - Business http://www.forbes.com/sites/carolynrosenblatt/2015/01/29/have-we-grossly-underestimated-the-extent-of-financial-elder-abuse/
