National Caucus and Center on Black Aging, Inc.

Health and Wellness

Protect Your Pocket Book

Tips to Avoid Financial Exploitation

Financial exploitation of older adults is a major problem that is growing across the United States. Research shows that, every year, as many as five million older adults fall victim to schemes and scams that hit them in their pocketbooks and bank accounts.  Financial exploitation, also known as financial abuse, is believed to cost seniors an estimated $3 billion annually. It is a threat to the health, safety, dignity and independence of vulnerable older adults, but you can help prevent it from happening with planning and vigilance.

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