Causes Of Elder Financial Abuse

Elder financial abuse is regarded as a gradually severe social issue, which requires more attention from policymakers and researchers. As older people are comparatively wealthy and physically, mentally and cognitively vulnerable, they are regarded as the most vulnerable group in the society, same as the children. Also, they cannot protect themselves when they encounter financial abuse. These characteristics leads to the fact that the risk of elder financial abuse is increased. Based on the data from current prevalence, 0.7%-14.4% older people are involved in financial abuse (Davies et al 2013, p. 313). The number and proportion of older people is constantly increasing, which also rises the incidents of elder financial abuse in the future. Therefore,