Golden 1 Credit Union - Financial Wellness

Broadly defined, financial elder abuse is when someone illegally or improperly uses a vulnerable senior's money or other property. According to an extensive 2012 study by the Government Accountability Office, as many as 1 in 20 adults over the age of 60 have experienced, or are currently experiencing financial abuse or fraud. Financial abuse is, by far, the most common form of elder abuse in the United States. In this episode, Martin and Rebecca discuss what constitutes elder fraud, how can you and your loved ones avoid becoming a victim, and what steps you can take if you or someone you know has already been scammed.