At least 130,000 people over 65 have suffered financial abuse

At least 130,000 people over 65 have suffered financial abuse

According to a report published by Age UK today, at least 130,000 older people aged 65+ have suffered some form of financial abuse from someone known to them.

Age UK’s report found women are twice as likely as men to suffer financial elder abuse, with widows and single women aged 80-89 at a higher risk.

The charity also identified that perpetrators are often relatives — a fact consistently emphasised by AEA — with half of all of this type of crime being carried out by the adult children of the victims.

If you have concerns about financial elder abuse and are seeking information or advice, please contact our freephone helpline on 080 8808 8141. Alternatively, you can download Action’s on Elder Abuse’s free new booklet offering advice and guidance on the subject of financial elder abuse.

With tips on what to look out for, who is at risk and how people may protect themselves, the booklet condenses AEA’s 23 years of experience and knowledge on the subject of financial elder abuse into 12 easy to understand pages.

“Theft from older people is on the increase and worryingly the thieves are often people they should be able to trust, care workers, family and so-called friends”, says Action on Elder Abuse Chief Executive, Gary FitzGerald, who says financial elder abuse is set to be the major crime of the 21st century. “When money or valuables go missing it can be too easy to assume that the older person is at fault, but we would encourage people to be far more suspicious and to investigate further.” The new booklet succinctly summarises the various forms of this type of abuse, as well as the warning signs friends, relatives and neighbours should look out for.

Click here for your free download of Action on Elder Abuse’s financial abuse booklet

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