What is Elderly/Vulnerable Financial Abuse?

- Each of us faces a likelihood of vulnerability, however this probability can be exacerbated by various features that may include, but are not confined to: age, disability, mental health conditions, cognitive impairment, serious medical conditions, literacy, cultural background. - FINANCIAL EXPLOITATION of the elderly, disabled, the vulnerable or those in care occurs when a trusted individual abuses their position to inflict financial harm. - FINANCIAL ABUSE & EXPLOITATION targets older people and the vulnerable through pressure, manipulation, isolation, and misuse of caregiving roles. - ELDERLY/DISABLED/VULNERABLE FINANCIAL ABUSE can not only result in monetary loss but also obstruct an individual's access to stable housing, sufficient nutrition, and necessary medical treatment. - FINANCIAL EXPLOITATION may also lead to considerable psychological torment and repercussions, including anxiety, depression and misery. - FINANCIAL ABUSE of the elderly/disabled/vulnerable constitutes a distinct category of mistreatment that may include multiple other sorts of detrimental behaviours, such as physical, emotional, and sexual abuse. - ELDERLY/DISABLED FINANCIAL ABUSE involving cognitive decline is a serious form of exploitation where a person in a position of trust. This often is a family member who misappropriated funds or assets from a family member who may lack the capacity to consent. - Common Tactics of FINANCIAL ABUSE: Misappropriation of Funds, Abuse of Power of Attorney, Coercion & Fraud, Social Isolation. - Warning Signs of FINANCIAL ABUSE: Unusual Banking Activity, Neglected Basic Needs, Behavioural Changes, Missing Documents or Valuables.