Senior Financial Fraud & Abuse

August 1, 2017

Elder financial fraud and abuse victimizes hundreds of thousands of seniors each year.  Older Americans hold the largest percentage of the nation’s wealth, making them prime targets.

All seniors, regardless of income, are at risk.  Financial abuse may be perpetrated by anyone – a professional con artist, a paid caregiver, a stranger or casual acquaintance, or even a son, daughter, or other family member.

The following factors contribute to the prevalence of senior financial abuse:

  • A high percentage of seniors live alone and may be more vulnerable to scams.
  • Seniors may be trusting and readily believe the sales “pitches” they hear.
  • The population of seniors is increasing, providing a continuous source of wealth for financial abusers.

Education and awareness are two key strategies to preventing and responding to elder financial abuse.

Learn More

Additional Helpful Resources

National Center on Elder Abuse


National Center for Victims of Crime

Consumer Financial Protection Bureau

Federal Trade Commission

Financial Fraud Enforcement Task Force

Postal Inspection Service

The Securities and Exchange Commission

U.S. Administration on Aging