Answer: Elder financial abuse refers to the exploitation or manipulation of older adults to gain access to their financial resources. It can include scams, fraud, theft, or undue influence by family members, caregivers, or strangers.

Answer: Seniors can be more vulnerable to financial exploitation due to factors such as cognitive decline, isolation, trust in others, and unfamiliarity with technology. They may also have accumulated significant savings or assets over their lifetime, making them attractive targets.

Answer: Seniors can take various steps to protect themselves from financial exploitation. These include staying informed about common scams, being cautious with personal information, setting up automatic bill payments, regularly reviewing financial statements, and seeking advice from trusted professionals.

Answer: Warning signs of elder financial abuse can include sudden changes in financial documents, unexplained withdrawals or transfers, changes in spending habits, new or unusual authorized signers on bank accounts, and the presence of unfamiliar individuals involved in financial matters.

Answer: If you suspect a senior is being financially exploited, it is important to take action. Contact local law enforcement, adult protective services, or an elder abuse hotline to report your concerns. Provide as much information as possible and let the professionals investigate the situation.