The financial abuse of seniors comes into focus today as part of World Elder Abuse Awareness Day, discussed at a White House symposium Thursday.
By Maria Wood|June 15, 2012 at 12:04 PM
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In a recent poll, a majority of financial experts, medical professionals and social workers agreed that financial abuse and investment fraud aimed at the elderly is a worsening problem in the U.S. The survey was conducted by Investor Protection Trust, a nonprofit group dedicated to educating consumers on investment decisions.
Among the nearly 800 polled online in early June were state securities regulators, financial planners, medical professionals, caregivers/social workers as well as law enforcement officials and legal experts. Eighty-four percent said that financial swindles targeting seniors is getting worse today.
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