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New York State: 2011 5.2% of seniors experience financial abuse by family members Only includes financial abuse by family members in the past year among adults 60+. Other studies have suggested about a third of incidents involve a family member or friend, so this is also consistent with a 15% victimization rate. Investor Protection Trust [12] 2010
Typically, these laws obligate adult children (or depending on the state, other family members) to pay for their indigent parents’/relatives' food, clothing, shelter and medical needs. Should the children fail to provide adequately, they allow nursing homes and government agencies to bring legal action to recover the cost of caring for the ...
Forms of abuse include physical, emotional, verbal, and sexual abuse as well as financial exploitation. [3] " Neglect" can be perpetrated by any caregiver who has accepted the responsibility of assisting an older person or an adult with disabilities.
Two facts of life have become impossible to ignore: The U.S. population is aging and the cost to take care of our seniors is surging. By 2030, all 73 million baby boomers will be 65 and older.
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