Elder abuse is one of the most underreported crimes in America. For every case that gets reported, experts estimate there are nearly 24 that never come to light. That silence has a cost — and not just an emotional one.
One in ten adults over the age of 65 experiences some form of abuse each year. That includes physical harm, emotional mistreatment, neglect, and financial exploitation. Of those categories, financial abuse is among the most widespread. According to the FBI’s most recent Elder Fraud Report, the agency received over 200,000 complaints from victims over the age of 60 in a single year, totaling approximately $7.7 billion in losses. And perhaps most troubling — roughly 60% of elder abusers are not strangers. They are family members, friends, or caregivers.
Seniors with cognitive decline are especially vulnerable. They are twice as likely to have larger amounts stolen, and far less likely to recognize or report what is happening to them.
So what can families do? Start with conversation. Talk openly with aging loved ones about their finances, their living situation, and who has access to their accounts. Encourage them to have legal documents in place — a power of attorney, a healthcare directive, and an updated will. These aren’t just formalities. They are tools that protect your loved one’s wishes and limit opportunities for exploitation.
If you suspect an elder in your life is being abused or taken advantage of, you can contact Georgia’s Adult Protective Services at 1-866-552-4464.
Our elders deserve dignity, safety, and protection. Sometimes that starts with simply paying attention.
