Edmonson Voice Staff Report:
Bank of Edmonson County is encouraging bank customers everywhere to be alert of one of today's most popular but unfortunate schemes, which is financial exploitation against the elderly.
According to a Metlife study, an estimated $2.9 billion is lost annually to scams explicitly targeting seniors. The American Bankers Association Foundation is urging older Americans and their caregivers to join the fight against financial abuse and take active steps to protect their finances from fraud.
“Older Americans currently hold more than two-thirds of all U.S. deposits, making them highly susceptible to scams, exploitation and abuse,” said Corey Carlisle, ABA Foundation executive director. “It’s critical that seniors and their loved ones recognize the signs of financial abuse before it’s too late and get help immediately if they think they’ve been victimized.”
To help older Americans and their caregivers protect themselves or their loved ones from financial abuse, the ABA Foundation is offering the following tips:
She noted that calls can be made anonymously.