San Francisco Bay Area consumers: Help us stop elder financial abuse
By Maureen Mahoney on Friday, September 26th, 2014
Attention San Francisco Bay Area residents! We’re working to put an end to elder financial exploitation, and we need your help.
What’s elder financial abuse? It’s when anyone, including a family member or friend, wrongfully uses the money or assets of someone over the age of 60. Scams, like the “grandparents” scam or the “sweepstakes” scam, often target seniors and have become all too common.
Because elder financial exploitation often involves trusted people close to the victim, sometimes they’re reluctant to speak out – and some aren’t even aware that they’re experiencing abuse. About four percent of seniors identify themselves as victims of financial abuse, according to a New York survey from 2011, and another study estimated that it caused seniors to lose $2.9 billion in a single year.
That’s why it’s so important to get the facts about this problem, and to help spread the word to your friends and family. We invite you to a panel on elder financial exploitation, held by Tideswell at UCSF and the Institute on Aging, in San Francisco, on October 22, 2014. It features our own Christina Tetreault, Staff Attorney at Consumers Union, and an expert on scams and financial services issues.
The panel will explain how to identify, prevent, and stop elder financial abuse and also includes Charlotte Carlson of On Lok Senior Health, Sarah Hooper of UCSF/UC Hastings Consortium on Law, Science & Health Policy, and Claire McDonnell of True Link. We encourage anyone to attend, especially caregivers, seniors, and their family and friends.