NAMPA, Idaho — This year, there are more than 6.2 million people in the United States living with some form of Alzheimer’s. Many of those require some type of memory care, but financial elder abuse and scams are on the rise.
Recent studies estimate that 39.6% of Americans 65 years of age or older are victims of financial abuse.
According to Joshua Reams, an elder law attorney for Ahrens DeAngeli Law, financial elder abuse is rapidly growing in the United States. In addition to financial abuse, the Better Business Bureau says scams targeting adults 65 years and older are also on the rise.
Neither account for the unique challenges that come with victims suffering from Alzheimer’s and other forms of dementia. The increasing numbers of Alzheimer’s diagnoses increase your chance of needing some form of in-home, memory care, or skilled nursing facility at some point in your life, making it incredibly important to plan ahead.
“Unfortunately, we see the side…