$36 Billion Piggy Bank

Richard Cordray, Director of Federal Consumer Financial Protection Bureau, called elder financial exploitation the "crime of the 21st century." Approximately 36.9% of seniors are affected by financial abuse in a given five-year period. According to The True Link Report on Elder Financial Abuse 2015, $36.48 billion a year is lost by victims of elder financial abuse -- more than twelve times what was previously reported. $6.7 billion is stolen through Trust Abuse, when friends, family, or paid ...
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