For all types of elder abuse: for every reported case, there are 23.5 unreported cases
For cases of financial exploitation: for every reported case, there are 43.9 unreported
For negligence cases: for every case under investigation, there are 57.2 unreported cases
The New York State Elder Abuse Prevalence Study was the second largest study ever conducted on elder abuse and the first conducted at the state level. Although the contents of the study have not yet been released by the New York State Office of Children and Family Services, the above grim figures were presented during a recent conference.
Even more frightening is the implication that incidences of abuse may be even higher, since the study excluded older people who were unable to participate in the phone surveys.
Surprisingly, the most commonly reported was emotional abuse, followed by physical abuse; however, financial exploitation appeared to be the most frequent form of elder abuse.
If it was not previously detected, how do we know if it is happening? And what can you do to stop it?
Prevention
Monitor financial activity. Look for these things:
- Unusual activity based on ability, for example, use of an ATM by a person with a physical disability
- New unexpected withdrawals in round numbers ($50, $100, $1,000, etc.)
- Withdrawals from a savings or checking account despite penalties
- Increased financial activity on bank statements
- Requests to change account beneficiaries or issuance of authorizations
- Elderly man showing signs of confusion related to finances
- Property title changes or refinancing reports
Supervision of Inheritance and Wills. Careful with:
- Changes in Power of Attorney or Durable Power of Attorney
- Will or trust modifications when the senior is unable to request changes
- Request changes to a will or trust that are in favor of a much “younger” friend
Caregivers should take note of these unusual behaviors:
- Avoid discussion of financial matters that were once routine.
- Elderly people showing signs of depression
- The caregiver says that the old man wants to avoid calls and visits
- The caregiver seems to be overly concerned with financial matters
- Caregiver speaking for the elderly even when the elderly is nearby
- Conduct a background check if the caregiver has other means of support in addition to the elder’s income
Where to get support