World Elder Abuse Awareness Day: Play a part in prevention

Good afternoon,

It’s World Elder Abuse Awareness Day – it’s not a celebratory day, but rather a day to talk about preventing, identifying, and responding to elder abuse and financial exploitation. Whether you are an older adult, care for one, or simply know someone who is a senior, you can do something to prevent elder financial abuse. Here are some tips and tools to help you play a part.

If you are a financial caregiver for an older person who is unable to handle their finances or work with aging clients, then the Consumer Finance Protection Bureau (CFPB) has the tools for you:

• Learn how to prevent elder financial exploitation using the “Money Smart for Older Adults” curriculum, Learn how to prevent elder financial exploitation using the “Money Smart for Older Adults” curriculum, developed in coordination with the Federal Deposit Insurance Corporation (FDIC). Download the resource guide for consumers and the training module for instructors to get started (also available in Spanish).

• Serving as a financial caregiver is a great responsibility, and you may be thrust into the role with little time to plan ahead. The “Managing Someone Else’s Money” guides for agents under powers of attorney, court-appointed guardians, trustees and government fiduciaries (such as Social Security representative payees and VA fiduciaries) can help you better understand your duties and responsibilities in this new role. These guides also contain helpful information about the common signs of financial exploitation.

The Federal Trade Commission’s (FTC) “Pass it On ” campaign will help you talk to friends, family, and loved ones about avoiding common scams. You may know about scams like identity theft, imposters, and charity fraud – but chances are, you know someone who doesn’t. There are many ways to use “Pass it On ” to share what you know, like writing an article, giving a presentation, or distributing the materials in your community.