Wealth is Not a Barrier to Abuse and Exploitation—it's an invitation
If you believe your parent or client is insulated from Abuse and Exploitation,, think again.
Studies estimate that more than 2.5 million older people each year are injured, exploited, or otherwise mistreated by someone on whom they depended for care or protection, with 90% of the abuse committed by a perpetrator known to the elderly victim.
If you find those estimates horrifying, you'll find reality even more chilling:
• For every 1 case of elder abuse, neglect, exploitation, or self-neglect reported to authorities, about five more go unreported. 2
• In the year 2000, estimates put the overall reporting of financial exploitation at only 1 in 25 cases, suggesting that there may be at least 5 million financial abuse victims each year. 3 The numbers are certainly higher today.
• Data of domestic elder abuse suggests that only 1 in 14 incidents excluding (excluding self neglect) come to the attention of authorities.