Financial scams involving our elderly parents are becoming an increasing problem throughout the U.S. Surprisingly, 90% of these financial crimes are committed by people who have personal access to your parents. They could include, relatives, caregivers, healthcare workers and attorneys. Why is it that our parents have become such targets for financial abuse?
Reason #1 Wealth concentration. Scam artists go where the money is. Forty-four percent of all wealth in America lies with older Americans. In addition, the concentration of people in this category is growing by 8,000 people per day as the baby boomers—those born after 1945 and prior to 1965—enter this peak wealth stage of their life in record numbers beginning in 2011.
Reason #2 Mental Capacity. As people get older those high-level thinking abilities required to differentiate between a fraud and a legitimate transaction diminish. Studies show that between 15% and 35% of older Americans…
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How to Start Assisted Livibng Service?
After a certain age, the living needs a proper assistance, which can help in easy living. Assisted Living Guides.com; helps you in getting an assisted living and care for the future concern. It has…
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Many times, our new clients sit, vulnerable and anxious, yet trying to be polite and accepting. “I guess I need some help,” they say, “but I can’t imagine having strangers in my home. I don’t think I would like that one bit.”
We understand that anxiety. Our professional caregivers are actually anxious as well upon first meeting a new client. They hope that the senior likes them, and finds them helpful, and they want so badly to make a good impression. My advice to the family caregivers and loved ones who are trying to ease anxiety and convince someone to accept the help that is available is to make sure they follow these five steps:
- Acknowledge the Anxiety:Put yourself in their position and imagine someone coming into your home tomorrow and maybe going through your drawers, reviewing the meal options in your refrigerator, and possibly even helping you in…
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