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6 min read

How Your Risk of Financial Exploitation Increases as You Age

By Cameron Huddleston, Carefull Family Finance Expert on 3/29/22 10:00 AM

You know that you can expect to be at an increased risk of health issues as you age. However, what you might not realize is that aging puts you at a greater risk of another issue: financial exploitation. 

In fact, the rate at which adults over the age of 60 can expect to experience financial exploitation—1 in 20—is higher than the incidence of many age-related diseases, according to research published in The Journals of Gerontology. And that’s likely an underestimate of the problem because, according to the report, “many older adults are unaware or unwilling to report exploitation.” 

Topics: Long-Term Care Limited Care Limited & Extended Care Planning Center Potential Partners for Advisors Insurance

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