“If a young man honors an elderly on account of his age, Allah appoints someone to honor him in his old age.” -(At-Tirmidhi; ranked hasan by Al-Albani)
Financial elder abuse is a pressing issue, yet it is often unnoticed or unaddressed due to fear of speaking out or bringing dishonor to one’s self, family, or community. However, as members of this community, it is our duty to protect our elderly and learn how to identify and stop elderly financial abuse. Signs of financial abuse can be subtle, with elders being steered, deceived, or misled to give up large sums of money or property as a loan or form of charity. It is often done by manipulation, and can be committed by community members and leaders that you trust.
Warning signs to look for:
- Unexplained Financial Changes: Look for sudden large withdrawals or transfers that seem out of character for the elder.
- Missing Documents: Be alert to the disappearance or alteration of important financial documents.
- Changes in Financial Habits: Notice any abrupt shifts in how an elder manages their finances, such as unusual spending or neglecting bills.
- Isolation: Pay attention if an elder is being cut off from their family and friends, which may indicate an attempt to control their financial decisions.
- Coercion: Be aware if an elder appears pressured to make financial decisions or change their financial plans.
- Signs of Fear: Look for signs of anxiety or fear when the elder is around certain individuals, which may suggest manipulation.
How to help:
- If you need help identifying or investigating financial elder abuse, call Adult Protective Services (APS) at 1-833-401-0832.
- Educate victims: Teach elders how to identify potential scams and to not share their personal financial information with others.
- Learn to speak up for those around you. Do not be ashamed to advocate for those who cannot.
It is crucial to spread awareness and be vigilant against signs of financial elder abuse. The elderly are an important pillar in our communities. It is our responsibility to ensure their safety and financial well-being.