Financial abuse is a serious and far reaching problem that can happen to anyone, but some people, like the elderly, people with a disability or other vulnerable and isolated people are at greater risk.
Increased house prices and reasonable superannuation balances can mean that some older people are in a good financial position. This can lead to family members feeling a sense of entitlement, with some people referring to it as inheritance impatience.
Exact elder financial abuse numbers are difficult to come by – but numbers will increase as population ages, by 2055 Australia’s population is expected to grow to 40 million, around 25% of them will be over the age of 65.
:format():fill())