What percentage of elderly abuse cases involve financial exploitation?

Financial exploitation is a significant form of elder abuse, which can encompass a range of behaviors aimed at illegally or improperly using an elderly person's funds, assets, or resources. Studies and reports from organizations that focus on elder care indicate that financial exploitation constitutes a notable percentage of elder abuse cases. The statistic that around 30% of elderly abuse cases involve financial exploitation highlights the prevalence of this issue among the elderly population.

Understanding this statistic is critical for peace officers and those involved in social services because it underscores the importance of vigilance and awareness regarding financial abuse, alongside more commonly recognized forms of elder abuse such as physical or emotional abuse. This knowledge is essential in encouraging proactive measures to protect vulnerable individuals and ensure their financial security.