Elder abuse has been getting a lot of attention in recent years, and many states are establishing laws and punishments for those who abuse older adults in our country. According to the National Committee for the Prevention of Elder Abuse, elder abuse is “any form of mistreatment that results in harm or loss to an older person” and generally falls into the categories of physical abuse, sexual abuse, domestic violence, psychological abuse, financial abuse, and neglect.
June 15th has been declared as World Elder Abuse Awareness Day, also known as WEAAD. The first Elder Abuse Awareness Day was in 2006 and involved organizations and governmental bodies across the world.
“As many as 84% of elder abuse cases go unreported,” said Debbie Hinely, owner and founder of Integrity Daily Money Management. “Financial abuse, which is classified as the ‘Crime of the 21st Century’, is the most devastating form of elder abuse, because older adults may not live long enough to receive restitution if the case is taken to trial and the accused is found guilty. It is estimated that financial abuse victims lose more than $2.9 billion annually,” Hinely stated.
According to Hinely, daily money management services are one way to prevent or stop financial abuse and exploitation. Daily money managers watch their clients’ accounts for any unusual activity or fraudulent charges while at the same time handling other routine personal financial activities. These activities may include paying bills, balancing checkbooks, and reconciling bank and credit card statements.
Debbie Hinely is a Certified Senior Advisor®, has a social work degree, and a Master of Business Administration. She is also a member of the American Association of Daily Money Managers, a membership organization comprised of individuals who provide daily money management services directly to their own clients.
For more information visit www.integritydmm.com, call Debbie Hinely at 859-771-3341, or send an email to email@example.com.