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Elder abuse is often financial not physical. Triad Event June 15 [Video]

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Dementia and Alzheimer's Legal and Financial Planning

Elder abuse is most often financial, like fraud, scams, or financial exploitation.

GREENSBORO, N.C. — When you hear or see the words ‘elder abuse‘ I think your mind immediately goes to a physical situation. But more often than not the abuse is financial.  

“The abuse of older adults often are scams, fraud, and financial exploitation. The thing about older adults, is they are very trusting, and now with so many things you receive on email and phone calls, they con people into giving away their money,” said Mark Hensley, Associate State Director, Community Outreach, AARP NC. 

AARP says elder financial exploitation in the U.S. amounts to more than $28 billion each year. Sadly, the majority of the losses come from people the person over 60 years old knows, versus $8 billion from stranger incidents. How do you combat a lot of this? Education and awareness.

June 15, 2024, is World …

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