Far too many elderly people have become victims of elder abuse. Some experience physical or verbal abuse, but the vast majority experience financial abuse. In fact, 70% of all elder abuse is financial abuse.
Either family members or others closely associated to elderly people often take advantage of them financially. This is most prominent for elderly folks who are confused easily and find it hard to keep track of their finances on their own. Many vulnerable elderly people are victims of theft and fraud as a result of a greedy, ill intentioned family member or caregiver.