The Scope of Elder Financial Exploitation: What It Costs Victims

The American Association of Retired Persons (AARP) has collaborated with the National Opinion Research Center (NORC) at the University of Chicago to curate a comprehensive data analysis report regarding Elder Financial Exploitation (EFE) losses experienced by adults over the age of 60. They found that victims of EFE in the United States lose $28.3 billion a year, and about 72% of the losses arise from fraud by people the victims know personally....