“We Are Family: When Elder Abuse, Neglect, and Financial Exploitation Hit Home” is a blog featuring a case study that was published in the American Society on Aging’s Generations publication and on their AgeBlog. We are summarizing this case on our blog because it provides yet another example of the complexity of elder abuse cases and highlights the critical need for a coordinated response. We thank Jeannie Jennings Beidler, the author of the blog, for her heroic efforts on behalf of her grandparents and for courageously sharing the details of this personal family story so that we all can learn from it and thus protect other elders from experiencing a similar fate. More →
| AARP’s Public Policy Institute today released a new research report focusing on older investors with diminished capacity—and how financial services professionals can best meet their needs.
Increasingly, older people are responsible for their own retirement security in an era of defined contribution plans and other forms of “do-it-yourself” retirement. Financial capacity is the first kind of decision-making capacity to decline with the onset of dementia and other causes of cognitive impairment. Are financial services industries prepared for the age boom and increased incidence of diminished capacity?
This report includes extensive background information on diminished financial capacity, the risk of financial exploitation, and the financial professionals who serve older clients. It shares results of a national survey of financial professionals and an interdisciplinary roundtable about current practices, protocols and needs—and makes recommendations for federal and state policy-makers, industry, aging organizations and other stakeholders. Click here for the report.
Feel free to contact the author:
Naomi Karp, JD
Senior Strategic Policy Advisor | Consumer & State Affairs Team