One out of every 20 older adults in the U.S. is a victim of financial exploitation, losing an average of $80,000 to $186,000 (olderadultnestegg.com). The vast majority of elder financial abuse cases are most likely to be somebody the older adult knows: family members (54%), 31% care workers, and 13% partners (Jackson, 2016).
Banks and money service businesses reported a 400% increase in suspicious activity from 2013-2017. The vast majority of this suspicious activity involved people over 60 (olderadultnestegg.com).
