7 Warning Signs an Older Adult May Be Under Financial Pressure
['Drew Blankenship']
SavingAdvice.com Blog
The Consumer Financial Protection Bureau has published information that points out that isolation and controlling behavior frequently accompany financial exploitation.
They may insist on accompanying the older adult to the bank, speaking on their behalf, or discouraging others from participating in financial conversations.
In many documented cases of elder financial exploitation, the relationship develops gradually before financial requests begin.
An older adult may become unusually anxious whenever finances are discussed or appear fearful of disappointing a particular person.
Families who recognize those early warning signs have a much better chance of preventing significant financial losses while preserving an older adult’s dignity and independence.