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DO YOU KNOW HOW TO IDENTIFY ELDER FRAUD & FINANCIAL ABUSE?

Elder financial abuse

The Population Reference Bureau report, “Aging in the United States,” examines recent trends and disparities among adults ages 65 and older, and how baby boomers born between 1946 and 1964 will reshape America’s older population.  The number of Americans ages 65 and over is expected to exceed 98 million by 2060, increasing their share of the total population to 24%. According to the National Council on Aging (NCOA), elder financial abuse and fraud costs to older Americans range from $2.9 billion to $36.5 billion annually. As the 65 and over population grows, elder financial abuse and fraud totals are also likely to increase.