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Keep an Eye Out for Elder Financial Abuse

World Elder Abuse Awareness Day (WEAAD) is an international day of observance held every year on June 15. First established in 2006 by the International Network for the Prevention of Elder Abuse (INPEA) and the World Health Organization (WHO), and officially recognized by the United Nations General Assembly in 2011, WEAAD is an opportunity to raise awareness of elder abuse and exploitation and how to prevent and combat it.

Elder abuse is a serious problem that affects millions of people around the world. It can take many forms, including physical, emotional, or financial; it can be committed by family, friends, caregivers, or strangers. Elder abuse can have a devastating impact on the victim's health and can even lead to death.

As a payments association, ePay is particularly focused on raising awareness and encouraging prevention of financial exploitation of senior citizens.  Healthy and mentally sound seniors are often targets; when dementia or other impairments are involved, their vulnerability increases exponentially. 

Click the Read More button to read the complete blog article from Angelica Larrañaga, AAP, CAMS, CBAP, NCP, Director, Payments Education.