Financial exploitation of the elderly “is rising fast,” according to the cover article of Consumer Reports’ November 2015 issue.
The article cites one study that concluded that nearly 1 in 20 seniors in America report having been financially exploited in their later years.
The magazine profiles a number of scam victims and tells their stories. You can read the full article here.
A related article gives tips on preventing elder financial abuse: Build Your Own Safety Net. One of the tips is to visit an elder law attorney.