NCPEA - National Committee for the Prevention of Elder Abuse
Elder Care

Financial Abuse

Elder financial abuse spans a broad spectrum of conduct, including:

Who are the perpetrators?

Family members, including sons, daughters, grandchildren, or spouses. They may:

Predatory individuals who seek out vulnerable seniors with the intent of exploiting them. They may:

Unscrupulous professionals or businesspersons, or persons posing as such. They may:

Who is at risk?

The following conditions or factors increase an older person's risk of being victimized:

Why are the elderly attractive targets?

What are the indicators?

Indicators are signs or clues that abuse has occurred. Some of the indicators listed below can be explained by other causes or factors and no single indicator can be taken as conclusive proof. Rather, one should look for patterns or clusters of indicators that suggest a problem.

How can I learn more?

Nerenberg, L. (1999). Forgotten victims of elder financial crime and abuse: A report and recommendations. Produced by the Goldman Institute on Aging for the National Center on Aging (NCEA), this report summarized four roundtable discussions sponsored by NCEA, which focused on four components of the legal system: the state and criminal justice system, federal investigative and regulatory agencies, the civil legal system, and the victim witness assistance network. Professionals from each system described challenges they face in handling financial abuse cases and made recommendations for improving each system's response. To view, click here to download it from the NCEA web site.

Volume 12 Number 2 (2000) of the Journal of Elder Abuse & Neglect is devoted to elder financial abuse. For more information about JEAN and a listing of articles in the issue, click here.

A/PACT: Aging Parents and Children Together. Produced by the American Association of Retired Persons (AARP) and the Federal Trade Commission (FTC), this consumer education series includes 10 1-3 page articles focusing on consumer fraud, daily money management, alternatives to guardianship, etc. Contact the AARP for more information.