Elder Financial Abuse: How to Protect Yourself and Your Family

Elder financial abuse is a growing concern, affecting thousands of seniors each year. Scammers, caregivers and even family members exploit older adults by stealing their money, pressuring them into financial decisions, or committing fraud. Whether through government impersonation scams, deceptive phone calls, or coercive tactics by trusted individuals, financial exploitation can lead to devastating losses.

Seniors who are isolated, rely on others for help, or are grieving a loss may be more vulnerable to scams. Recognizing warning signs and taking proactive steps-such as seeking trusted financial advice, avoiding unsolicited calls and being cautious with financial access-can help prevent abuse. Learn about common scams, risk factors and practical steps to safeguard yourself and your loved ones from financial exploitation on USAA.

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