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Elder Abuse: Common Financial Scams Against Seniors, How to Avoid Them

Karina
Senior Editor, TipsHire
elder abuse scams

Highly educated and wealthy people may believe they are clever and that could make them the most vulnerable to financial fraud. A new research changes traditional wisdom – and stereotypes – on their mind. Financial scam is the fastest growing type of elder abuse.

Yes, the elder ones are the most vulnerable and in an unknown position all the time, because of their health condition or age, and many of them are often too confused, fearful or embarrassed by the felony to report it.

One recent study stated by ‘Consumers Digest’ evaluates that there are at least 4,5 million cases of this financial abuse in the US alone every year, but law enforcement or government officials find out about only 1 in 30 cases.

Let’s get a closer look at the real situation out there and make our own conclusion based on what happened, what is happening and what the future will bring for the seniors, also learn how important and tragic could be an abuse.  

What is meant by ‘abuse’?

While the definition of abuse is not quite complicated, the meaning isn’t so precise. Yes, abuse takes place when one person hurts another, on purpose, but that is a typical circumstance in life and most of us are guilty of engaging in something like that, sometimes. We must understand that what abuse really means is control.

When a real abusive situation occurs, it’s mainly because one person is looking to control the other through abuse. And while this could represent a reason of abuse, it’s without a doubt, no excuse, because nobody has the right to control a person.

Mostly, only human beings are capable of this atrocity, because only them are capable of understanding how things should be treated since the beginning and then violating that principle anyway.

Different types of abuse are possible, such as self-abuse and abuse of others. From a realistic point of view, abuse that hurts other persons or animals is worse than anything ever imagined.

This is an awful thing for many reasons: first because it hurts that other person, and second because it contravenes a, let’s say, social agreement based on a natural understanding, represented from different religious or ethical principles and traditions, that preserve the idea that human beings are not some random things to be owned, but rather persons having inherited rights and worth as independent creatures who are all practically equal.

Such standards help take care of people from irrational abuse from people who are stronger than they really are. If it’s just fine for a powerful person to abuse a rather weaker one just because, then it’s equally fine for an even powerful human being to harm that abuser.

This would only show that there is no end to the violence under such a plot.

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Article Name
Elder Abuse: Common Financial Scams Against Seniors, How to Avoid Them
Description
Highly educated and wealthy people may believe they are clever and that could make them the most vulnerable to financial fraud. A new research changes traditional wisdom - and stereotypes - on their mind. Financial scam is the fastest growing type of elder abuse.
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TipsHire

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