Elder financial abuse is more common than many people realize and often happens quietly over time.
Financial institutions across the country have reported billions of dollars in suspicious activity tied to older adults.
- The average loss is over $34,000
- Many cases continue for months before being detected
- Some of the most serious situations involve someone the victim knows
This isn’t about fear. It’s about awareness, conversation, and taking simple steps that can make a real difference.
Three Simple Steps That Can Change the Outcome
Pause
Take a moment before making any financial decision, especially if it feels urgent. Pressure is often a warning sign.
Ask
If something feels off, talk it through with someone you trust or your credit union. A quick conversation can prevent a costly mistake.
Protect
Keep your personal and financial information secure. If something doesn’t feel right, check before you act.
Know the Signs
Elder abuse can show up in small, subtle ways:
- Unusual withdrawals or transfers
- Sudden changes in spending or behavior
- Pressure to send money quickly
- A new person influencing financial decisions
- Repeated requests for money or account access
If something feels off, trust that instinct.
We’re Here to Help
You don’t have to navigate this on your own. If you ever feel unsure about a financial situation, reach out before taking action. We’ll walk through it with you and help you make a confident decision.
Contact Us by using Live Chat or call us at (844)517-3611
*Source: Consumer Financial Protection Bureau, Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends