Financial Exploitation of Older Persons

Donna J. Rabiner · Janet E. O'Keeffe

33 citations0/0 files storedJournal of Aging & Social Policy

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Elder Abuse and Neglect Aging, Elder Care, and Social Issues Financial Literacy, Pension, Retirement Analysis

Abstract

Financial exploitation is a recognized social problem of unknown, though likely increasing, magnitude. It can occur through numerous methods, including the misuse of powers of attorney and guardianship, illegal transfers of property, and outright fraud and theft. Financial crimes against older persons are difficult to address because they often go unreported. This paper provides a summary of findings from a study of financial exploitation of older persons. We review what is known about the nature and scope of financial exploitation of older persons and describe barriers to addressing the problem. We also identify gaps in knowledge, discuss current methods for addressing financial exploitation, and provide recommendations and suggested policy approaches for prevention and remediation.

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References

2013Elder Mistreatment: Abuse, Neglect, and Exploitation in an Aging America 2000Elder Abuse, Neglect, and Exploitation 2000Exposing Financial Exploitation of Impaired Elderly Persons 1996Introducing a Framework for Defining Financial Abuse of the Elderly 1999Financial Exploitation of Elders: Analysis of Risk Factors Based on County Adult Protective Services Data 2000Notes from the Field: Observations in Working with the Forgotten Victims of Personal Financial Crimes 2000The First National Study of Elder Abuse and Neglect: Contrast with Results from Other Studies 2000Perceptions of Elder Abuse among Various Cultural Groups: Similarities and Differences

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2015Financial Decision Making across the Adult Life Span 2012Financial Exploitation of Older Persons in Adult Care Settings: Comparisons to Physical Abuse and the Justice System's Response 2017Abuse of Older Persons With Cognitive and Physical Impairments: Comparing Percentages Across Informants and Operational Definitions 2017Elder Abuse in the African Diaspora: A Review 2022Modeling the effect of social media on older adults’ usage intention of public transport

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