ELDER FINANCIAL ABUSE

Financial Mistreatment with Elders in America

Abstract

This paper aims to discuss the financial abuse of elders in America and the reason behind its occurrence. Furthermore, this paper discuses the reason behind the ignorance of this issue. The role of culture and elderly immigrants are also studied and construct of independent and interdependent self-construal was studied. Mixed-method analysis signifies that there is a significant role of culture in responding to the financial abuse crime. The majority of individuals do not take financial abuse as a mistreatment and who take it as an abuse they barely seek help for several reasons. In this paper five main reasons are discussed for not seeking assistance. These factors are (a) family problems, (b) tolerance of mistreatment, (c) shame, (d) victim blame, and (e) mistrust in 3rd party interference. A number of preventive measures are also discussed for the avoidance of financial mistreatment of elders in America.Financial Mistreatment with Elders in America

Elder Abuse

Elder Abuse is to impose something physically, emotionally or psychologically unpleasant on older people. Financial exploitation is one type of elder abuse whether it is deliberate or not deliberate neglect of an elder person by the care-giver.

Financial exploitation of older American is a growing societal concern in U.S. the degree of financial exploitation, on the other hand, is a continuous unsolved issue infecting the elder social group of America. Studies have explored that anywhere from 33 percent to 53 percent of around one million authenticated cases of elder mistreatment were financial exploitation. On the other hand, the national Elder Abuse Incidence study stated that the financial abuse comprised 18.6 percent of 115,110 authentic adult protective services reports. The most recent study of United States found that financial abuse is comprised of 14.7 percent of 191,098 authenticated cases for elder abuse (Catalano, & Lazaro, 2010).

This extensive difference in the results shows that the real occurrence of this issue is unknown. This lack of information on the occurrence of financial abuse is made worse by the fact that there is no such national reporting system present and that considerable underreporting by elders and professional take places (Catalano, & Lazaro, 2010).

Studies have shown that women are twice prone to be the victim of elder financial mistreatment as men. Majority of victims is between the ages of 80-90, living alone and need someone to help them by giving health care or home maintenance. In around all the instances, many combined factors are there like, weak, valued autonomy and obvious susceptibility that combined in the lives of sufferers to maximize the opportunities for abuse by every kind of doer like the family member or professional criminals. Just about 60 percent of doers is male. Majority of them is between the age group of 30-59 whereas; the majority of the female doers is between 30 to 49 years. Many of the abusers who are strangers most of the time target people with obvious susceptibilities such as limited mobility, loneliness or display of confusion (Beach et ...