Financial Exploitation of Aging Adults

Older adults make up the fastest-growing segment of the United States population. Along with this population growth has been an increase in the rate of financial exploitation of older adults. Many of the risk factors for financial exploitation of older adults are normal experiences of most, if not all, older adults, including retirement, major medical events, physical and cognitive declines, and the death of a spouse.

In the next episode of our Talk About Payments, or TAP, webinar series on November 10, Drs. Thomas Blomberg and Julie Brancale, criminologists from Florida State University, will describe the current research, theory, and policy responses associated with this growing social problem. They will address the patterns and variations of financial exploitation of older adults and discuss why some older adults may be more vulnerable than others. The presentation will conclude with a discussion of areas in need of additional research and policy attention. Scarlett Heinbuch, a payments risk expert at the Atlanta Fed, will moderate the discussion.

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