One out of every 20 older adults in the U.S. is a victim of financial exploitation, losing an average of $80,000 to $186,000 (olderadultnestegg.com). The vast majority of elder financial abuse cases are most likely to be somebody the older adult knows: family members (54%), 31% care workers, and 13% partners (Jackson, 2016).

Banks and money service businesses reported a 400% increase in suspicious activity from 2013-2017. The vast majority of this suspicious activity involved people over 60 (olderadultnestegg.com).

Today's guest, Dr. Peter Lichtenberg, is a national expert in preventing  financial abuse and exploitation and reducing its impact on older adults.

In this interview, Dr. Lichtenberg reviews:

• Examples of elder financial exploitation to help raise awareness
• What increases risk for financial vulnerability
• Resources to help older adults, caregivers, and professionals prevent elder financial exploitation
• The SAFE Program: Successful Aging through Financial Empowerment
• Resources to help older adults recover from identity theft

Click here to visit the show notes page to learn more.


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DISCLAIMER: The material on this site is for informational and educational purposes only. Any comments Dr. Koepp may make on the TV Show, blog, or in response to an individual’s story or comments should not be construed as establishing a psychologist-patient relationship between Dr. Koepp and the individual. None of Dr. Koepp's show, website, social media, comments, or group information should be considered a substitute for individualized medical or mental health assessment, diagnosis, or treatment. Dr. Koepp is only representing herself in her TV Show, blogs, and on her website.

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