Dana Goldberg looks at the problem of financial abuse of seniors and sees an epidemic.
Older adults in the US have a steady source of income whether they are wealthy or not, making them a target for scammers. Additionally, changes in older adults’ cognition can make financial management more difficult. The result is that every year billions of dollars are lost in the US to fraud and exploitation.
“This is an epidemic and we need to treat it that way,” Goldberg said.