The number of older, wealthier people is increasing and sadly, so is the number of elderly persons who are financially exploited. Despite the widespread nature of such abuse, many states still do not have specific laws criminalizing such behavior – thankfully Michigan is not one of them. Yet despite the growing recognition of financial exploitation, it is routinely overlooked and unreported which some attribute to the belief that it remains a family matter. A recent New York Times article, “Declaring War on Financial Abuse of Older People” details one woman’s efforts to become an activist after her grandmother was swindled out of her life savings. With states and the federal government trying to increase public awareness, hopefully we achieve greater protection for our most vulnerable – the elderly.
A recent Bloomberg View article explores the implications of General Electric’s multi-billion dollar losses from its long term care insurance unit and the challenge of caring for an aging population. In “What’s Bad for GE Will Be Worse for America”, the article opines:
According to a recent New York Times article: “You may not need another reason to retire early, but I’ll give you one anyway: It could lengthen your life.” That’s the conclusion of the article based on various research regarding the relationship between early retirement and longevity. In “The Connection Between Retiring Early and Living Longer”, the […]
No one wants to face the prospect of being diagnosed with Alzheimer’s. Yet ignoring potential warning signs is a serious mistake. The Alzheimer’s Association has released the “10 Warning Signs of Alzheimer’s” which can help a person determine whether a he or she should be examined by a physician or stop being a worry wart. […]