Care to Give Me All Your Money?
You know the phrases. You may have even seen a few in that card you were given on your birthday last year, the one where you turned 40 for the 41st time. “Past your prime” and “Over the hill” are just a few of the phrases that are used when we all get a bit older. Unfortunately, as awful as those terms are, a few new and even more unwelcome terms are beginning to rear their ugly heads, words such as “target” and “victim.” These new terms all come courtesy of the emerging crime trend of caregiver exploitation.
People are starting to live longer and longer, yet unfortunately instead of being able to celebrate their longevity, some seniors are battling trusted family members and associates who attempt to steal their money or property. According to a report by the National Center on Elder Abuse (NCEA), between 1 and 2 million Americans ages 65 or older have been exploited or mistreated by someone they have depended on for care. I imagine that this doesn’t even consider the cases that go unreported!
Fortunately, there are things that seniors can do to protect themselves from this shameful crime, such as using direct deposit for Social Security or retirement checks, reviewing financial statements every month, and being careful about letting tenants, even family members, stay in your house. For more resources and tips on how to report abuse and stay safe, visit www.ncea.aoa.gov.
Seniors are often characterized as being helpless or feeble. But times are changing, and I think it is only appropriate that all of those dated concepts be replaced with a few new and more fitting terms such as “aware,” “proactive,” and my personal favorite, “getting better with time.”
Crime prevention never gets old. And though I have no doubt there are many responsible and loving caregivers out there, all seniors can do their part in ensuring that they will not become victims. By empowering themselves and taking an active role in caring for themselves and their finances, they will be able to enjoy those wonder years that they’ve worked so hard for and deserve!
