Thank you for joining this important session on elder financial abuse. We explored how to recognize the warning signs, understand the risks, and take proactive steps to protect ourselves and our loved ones.

Key Takeaways and Next Steps

Understand the Scope of the Problem

Elder financial abuse is on the rise, with over $3.4 billion reported lost in 2023 alone. Many cases go unreported. Abuse can happen to anyone—and surprisingly, nearly half of the cases involve a family member.

Know the Warning Signs

Watch for large or unexplained bank withdrawals, changes in legal documents, unusual behavior or emotional shifts, unpaid bills, or signs of neglect. A “new best friend” may signal manipulation or exploitation.

Recognize Risk Factors

Those most vulnerable often live alone, have limited digital skills, or are experiencing cognitive decline. Scammers frequently target older adults through phone calls, texts, emails, and social media.

Protect Yourself Now

Set up a support team of trusted family, friends, or professionals who can help monitor finances and understand your wishes. You don’t need to rely on just one person—responsibilities can be shared.

Use Trusted Resources

If you suspect abuse, contact Adult Protective Services or the National Elder Fraud Hotline at 1-833-FRAUD-11. For emergencies, call local police—but remember to contact the police where the person at risk lives, not just your local department.

And remember: Taking action—whether for yourself or someone else—can make all the difference. Stay informed, stay connected, and don’t hesitate to report concerns.