One in eighteen older Americans is the victim of financial fraud or a scam each year, according to a recent report from the American Journal of Public Health. The study, released in July, also found that the impact of financial exploitation and other types of fraud on elders is associated with mortality, hospitalization, and poor physical and mental health. “Without effective primary prevention strategies, the absolute scope of this problem will escalate with the growing population of older adults,” the study’s authors assert.
For obvious reasons, senior living providers are in a crucial and strategic position to keep this problem from escalating by protecting their residents from abuse and exploitation. In fact, many providers have risen to the occasion and taken on the effort to prevent possible injury by third-party visitors and caregivers who are allowed on the premises.
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