Why are seniors more vulnerable to financial exploitation?
It is a myth that financial abuse mostly happens to seniors who are mentally incompetent. While declining mental and physical ability increases a person’s vulnerability to abuse, the fact is that most older adults who experience financial abuse are mentally competent and able to make decisions for themselves. Remember, financial exploitation can happen to anyone. You are not alone, and you are not to blame. Knowledge is your best defense.
Related Questions
- My mother is living on Social Security and her apartment rent just went up. Are there any financial assistance programs for Seniors?
- Does the government have a financial assistance program to assist seniors who are having financial difficulties?
- Why are seniors more vulnerable to financial exploitation?
