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'Skyrocketing' level of elder financial abuse rising further during COVID-19


‘Skyrocketing’ level of elder financial abuse rising further during COVID-19
Kira Vermond
Published January 29, 2021
jfmdesign/iStockPhoto / Getty Images
The COVID-19 pandemic has ushered in an era of mask-wearing, anxiety, and plenty of handwashing, but it has also brought an uptick in financial elder abuse.
One in five seniors will experience the abuse in which family members, caregivers or so-called friends take advantage of an elderly person’s finances, says Laura Tamblyn Watts, president and chief executive officer of CanAge, a national seniors’ advocacy group, who also teaches a course on law and aging at the University of Toronto. If online and phone phishing scams perpetrated by strangers are included, the number is even higher. ....

Tamblyn Watts , Kathy Majowski , Leanne Kaufman , Laura Tamblyn Watts , University Of Toronto , Canadian Network , Investment Funds Institute , Vulnerable Investors Resource Centre , டம்ப்லய்ன் வாட்ஸ் , ஒல்லியான காஃப்மந் , லாரா டம்ப்லய்ன் வாட்ஸ் , பல்கலைக்கழகம் ஆஃப் டொராண்டோ , கனடியன் வலைப்பின்னல் , முதலீடு நிதி நிறுவனம் , பாதிக்கப்படக்கூடிய முதலீட்டாளர்கள் வள மையம் ,