Fraud|

June 15 is Elder Abuse Awareness Day

1 in 10 Americans over the age of 60 have experienced some form of Elder Abuse.  Whether it is financial exploitation by family members or various scams or other types of physical abuse or other types of mistreatment.  Most elder abuse goes unreported.  Statistics show that only 1 out of 14 cases are reported to authorities. 

Lack of support within the community (family, friends, neighbors, churches) increase the risk of abuse.  Elderly people are often isolated because they don’t have someone to look out for them or assist them when needed.  When an elderly person is taken advantage of, they often withdraw from normal activities because of embarrassment.  Losses due to Elder Financial Exploitation is estimated to be between $2.6 billion and $36.5 billion.  It is hard to determine and exact amount due to the lack of reporting.

The stress of being taken advantage of can result in unexpected health care expenses and hospitalizations.

We do all we can to prevent financial exploitation at DMCU, but how can you help?

  • Watch for signs of elder abuse and neglect.
  • Learn how to age well and reduce abuse with involvement in community programs and servies.
  • Spread the work with friends and family members.
  • Spread the word about essential community supports like law enforcement, community centers, and public transportation.
  • Befriend elders that may not have family near by.
  • Call and visit older loved ones regularly.
  • If an elderly person has a caregiver, be sure to offer breaks for them.
  • Anyone can contact Adult Protective Services if they are concerned about a family member, friend or neighbor.

Everyone can play a role in preventing and reporting Elder Financial Exploitation – do your part today.

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