7/6/15 - Dementia Puts Elders at Risk of Financial Abuse

An estimated 5.1 million people age 65 and older have Alzheimer’s disease or other dementias that eat away their ability to manage their financial affairs. With the United States rapidly aging, those dealing with cognitive decline is projected to rise.

That means that seniors, with a median household net worth of $170,500, will be more vulnerable to financial exploitation, whether it’s a scam by crooks preying on them or theft by someone they trust.

Read the full article here.