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Elder Financial Abuse and Exploitation: What Are The Signs of Financial Abuse in Nursing Homes?

By Steve Smith

Following up to my blog post of March 2022, let’s take another look at elder abuse and, more specifically, financial abuse of a particularly vulnerable demographic – elderly nursing home residents.

According to the website nursinghomeabuse.org, elderly individuals who live in nursing homes are susceptible to several forms of abuse, and financial abuse is just one of them.

Financial abuse – committed by caregivers, family members, or any other individuals who have contact with the elderly person – involves taking advantage of someone else’s financial assets for one’s own gain, without that person understanding the consequences or implications of any financial transactions that are made.

Elderly victims of financial abuse may have physical or cognitive impairments that limit their ability to understand when someone is taking advantage of them. Statistics show that elder abuse is common. According to the folks at nursinghomeabuse.org, about 1 in 6 people aged 60 years and older has experienced some form of abuse in community settings during the past year. 2 in 3 staff members of nursing homes reported that they had committed abuse in the past year against a patient. Cases of financial abuse were among the most common types of abuse, representing over 14 percent of all abuse cases.

Nursinghomeabuse.org provides education and resources for seniors and their loved ones as part of a larger effort to stop the cycle of neglect and abuse in nursing homes and other care facilities.

Read more: My original post

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