2020 Wells Fargo Elder Omnibus Survey
The 2020 Wells Fargo Elder Omnibus Survey asked seniors 60 and older about isolation and loneliness amid the COVID-19 pandemic. The study further explored the risk of elder exploitation as a result of isolation and the associated threat of financial fraud.
Elder Financial Abuse Protection Guide
Rising numbers of financial scams targeting seniors have been called the crime of the 21st century.1
- Nearly 1 in 5 Americans age 65 or older have been affected by elder financial abuse.2
- Two-thirds of elder financial crimes are committed by family members, friends , and trusted persons.3
This guide can help you with suggestions about how to help protect yourself and the ones you love, identify signs of abuse, and give you resources to call if you are a victim of elder financial abuse or suspect someone you know has been.
1National Council on Aging, “Top 10 Financial Scams Targeting Seniors,” 2018
2 Investor Protection Trust (IPT) Elder Fraud Survey, 2016.
3 Jewish Council for the Aging, National Center for Elder Abuse. Paley Rothman article “Who Commits Elder Financial Abuse and Why Isn’t It Reported?” 2016.