By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    7 Most Common Healthcare Accreditation Programs: Which Should You Use?
    August 20, 2025
    Hospital Pest Control and the Fight Against Superbugs
    August 20, 2025
    Hygiene Beyond The Clinic: Attention To Overlooked Non-Clinical Spaces
    August 13, 2025
    5 Steps to a Promising Career as a Healthcare Administrator
    August 3, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Patient Perception
    Medical Scrubs And Patient Perception: How Clothing Affects Patient Trust
    July 11, 2023
    How Would You Choose The Best Medical Clothing And Gloves?
    September 15, 2021
    MTBI Testing Helps Get Settlements to Cover Medical Bills
    April 16, 2024
    Latest News
    How Social Security Disability Shapes Access to Care and Everyday Health
    August 20, 2025
    How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
    August 20, 2025
    How One Fall Can Lead to a Long Road of Medical Complications
    August 20, 2025
    How IT and Marketing Teams Can Collaborate to Protect Patient Trust
    July 17, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Elder Financial Abuse Spikes 12% Since 2008
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Wellness > Home Health > Elder Financial Abuse Spikes 12% Since 2008
Home Health

Elder Financial Abuse Spikes 12% Since 2008

Anthony Cirillo
Anthony Cirillo
Share
0 Min Read
SHARE

Older Americans are losing $2.9 billion annually to elder financial abuse, a 12 percent increase from the $2.6 billion estimated in 2008, according to “

Older Americans are losing $2.9 billion annually to elder financial abuse, a 12 percent increase from the $2.6 billion estimated in 2008, according to “The MetLife Study of Elder Financial Abuse: Crimes of Occasion, Desperation, and Predation Against America’s Elders.”


  • Crimes involving strangers made up more than half (51 percent) of reported cases
  • Next were crimes involving family, friends and neighbors as perpetrators (34 percent)
  • Exploitation from the business sector accounted for 12 percent of reported cases. 
  • Medicare and Medicaid fraud represented four percent. 
  • Robberies and crimes classified as “scams perpetrated by strangers” increased from nine percent to 28 percent from 2008 to 2010.
Other major findings from the study, which was produced in collaboration with the National Committee for the Prevention of Elder Abuse (NCPEA) and the Center for Gerontology at Virginia Tech, include:

•  Women were nearly twice as likely to be victims of elder financial abuse as men.

•  Most victims were between the ages of 80 and 89, lived alone and required some help with either healthcare or home maintenance.

•  Nearly 60% of perpetrators were males, mostly between ages 30 and 59.

•  Victims were particularly vulnerable during the holidays when overall dollar losses due to family and friends were higher than any other category.

Read more: “Preventing Elder Financial Abuse”

And check out my about.com topic on abuse as well.




TAGGED:elder abusegeriatricshome health
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

engineer fitting prosthetic arm
How Social Security Disability Shapes Access to Care and Everyday Health
Health care
August 20, 2025
a woman explaining the document
How a DUI Lawyer Can Help When Your Future Health Feels Uncertain
Public Health
August 20, 2025
physiotherapist at work
How One Fall Can Lead to a Long Road of Medical Complications
Health care
August 20, 2025
Common Healthcare Accreditation Programs
7 Most Common Healthcare Accreditation Programs: Which Should You Use?
Health News
August 20, 2025

You Might also Like

Healthy Older Drivers Make Mistakes Too

June 14, 2011

A Caregiver’s Guide to Navagating the Healthcare System

December 14, 2012
milk facts and myths
Home HealthWellness

Of Cows, Milk, and Humans

August 31, 2013
Home HealthWellness

Stay Calm and Be Well with These Five Great Tips

October 5, 2019
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?