Millions of older Americans experience abuse, neglect, exploitation, or discrimination each year.
Although many elders are quite savvy when it comes to being consumers and in standing up for their rights, others can be vulnerable because of diminished capabilities, lack of knowledge about a specific matter, or trouble in navigating complex voicemail and/or online instructions.
Seniors are increasingly becoming targets for financial abuse. As people over 50 years old control over 70 percent of the nation's wealth, fraudsters are using new tactics to take advantage of retiring baby boomers and the growing number of older Americans. Senior financial abuse is estimated to have cost victims in the US over the age of 60 at least $3.1 billion last year alone.