A factsheet that describes financial abuse, its causes, and how you can protect yourself from it.
Financial abuse is a serious and far reaching problem that can happen to anyone but some people, like the elderly, are at greater risk.
Increased house prices and reasonable superannuation balances can mean that some older people are in a good financial position. This can lead to family members feeling a sense of entitlement, with some people referring to it as inheritance impatience.
Exact elder financial abuse numbers are difficult to come by – but numbers will increase as population ages, by 2055 Australia’s population is expected to grow to 40 million, around 25% of them will be over the age of 65.
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