Elder Financial Abuse: Lessons from My Father’s Story
The Financial Crimes Enforcement Network defines elder financial abuse (EFE) as “the illegal or improper use of an older adult’s funds, property or assets.” [1] According to AARP’s 2023 report, EFE causes Americans over 60 to lose an estimated $28.3 billion annually.[2] Perhaps most concerning is that 72% of this theft—$20.3 billion—comes from someone known […]