Issue link: https://www.epageflip.net/i/1487412
Tips for Surviving High Energy Costs This Winter 12 | r e d f c u.o r g Elder financial exploitation is the theft of money, property, or belongings from seniors. Up to 5 million older Americans are abused every year, and they lose an estimated $36.5 billion each year due to financial abuse, according to the National Council on Aging. Financial abuse can be difficult to detect because it's often done by family members, trusted friends, and caregivers. Understanding and identifying elder financial exploitation can help you protect yourself, your loved ones, or someone you care for who may be at risk for this kind of abuse. Here are some red flags: • Sudden changes in bank accounts, such as adding new names onto accounts and cards, or ATM withdrawals by an older person who has never used a debit or ATM card • Finding unpaid bills, letters from collection agencies, or past-due notices from creditors, even if the person has adequate financial resources • e sudden transfer of assets to someone outside the family or to a long-lost "relative" • A change in spending habits, such as online shopping, eating out often, or not doing some of the things done previously Scams are also a form of elder financial exploitation. Scammers will call or email with a convincing story, or to persuade an elderly person to pay a "bill" that they've forgotten, and then demand money. Wondering how to help? • Report the elder financial abuse to your credit union or bank. • Call 911 if you suspect the elderly person may be in danger. Elder Financial Exploitation – Help Us Stop It! Heating your home this winter could cost 17% more than in the past, according to a recent USA Today article. at news is disheartening with prices also high at gas stations and grocery stores. However, there are ways to decrease your energy use and cost, and you may be eligible for financial assistance. Save Energy and Money at Home Here are some steps you can take at home to conserve energy and minimize the utility bill: Wash clothes in cold water and wait until you have a full load to start the washer.