The loss from and the impact of financial elder abuse are increasing. According to a MetLife Mature Institute report, the estimated loss due to elder financial abuse in 2011 was $2.9 billion, a 12 percent increase from 2008.
Martha Deevy, director of the Financial Security Division at Stanford’s Center on Longevity agrees. “15 years ago, email didn’t exist so the fact that almost 45 percent of these incidents are originating from the Internet is pretty profound.”
Read the full article at Huffington Post.