Tips to protect seniors from financial frauds

Elderly people are important and contributing members of our society. However, they are vulnerable to abuse, especially financial abuse.

Financial elder abuse is the most common form of elder abuse in which a senior citizen is forced, bullied or cheated into give away their hard-earned money.

Here are some ways to protect seniors from financial frauds:

Regularly call up or visit your elderly relatives to find out if any unknown people have been calling them frequently or making visits.

Keep a check on their caregivers to ensure that no money or household things are missing.

Set up a small, separate and more secure bank account with a daily spending limit for your elderly relative. It will help manage money properly and avoid financial loss.

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