Elder Financial Abuse Spikes

“Financial abuse robbed elder Americans of an estimated $2.9 billion last year, up 12 percent from 2008, according to a MetLife Mature Market Institute study released in June. That statistic may only continue to climb if the government neglects to regulate the home-care service industry.

Because of the sour economy and increasing number of Baby Boomers, financial crimes committed by trusted caregivers are on the rise, The Crime Report noted Thursday.”