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.
2018 Wells Fargo Elder Needs Survey
The 2018 Wells Fargo Elder Needs Survey asked older Americans and a group just old enough to be their adult children for their feelings on important financial issues. The survey uncovered some surprises, and we hope this research will help you begin your conversations.
Amid issues of loyalty, trust, independence, and dignity, it isn’t always easy to say the first word about planning for elder needs.
- Surprisingly different responses from older Americans and adult children
- Barriers to conversation and the cost of failing to prepare
- Threat of elder abuse, sometimes from those trusted most
Elder needs survey detailed findings
Your children want you to do it and you’ll be happier if you do. But that first conversation about elder planning is sometimes difficult to start.
- Older Americans say they are happy, healthy, and unlikely to need help as they age. But adult children aren’t so sure.
- Failure to have conversations may lead to a lack of preparation, leaving families vulnerable to elder abuse. Learn many of the most common scams and potential protections.
- Older Americans who have these planning behaviors in place are happier than those who haven’t.
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.