Financial elder abuse is a prominent issue in the world, and will continue to increase due to financial burdens the Millennials will face in their upcoming years. The fear of Social Security benefit reductions as well as the increase of college tuition prices, will add to future financial elder abuse incidents. The Baby Boomer generation will be the generation most affected by elder abuse in the near future. This generation is coming to their prime years, and is the generation that raised Generation X and the Millennials. Both these generations are of the age where they graduated college, or are currently in college. From experience I have found the burden of going to any university can cost close to fifty-thousand dollars a year. Students can take out eight-thousand to nearly twenty-thousand dollars in loans a year, …show more content…
Affordable college and alternative education are necessary to preventing financial elder abuse due to the fact that education is almost required to get a steady and stable job. By not allowing access to affordable education, a large majority of young adults are not being given the opportunity to live a stable life. If a reduction in college costs can be achieved, a reduction of interest rates on student loans can be achieved in succession to reduction in education costs. The monthly and yearly interest rates on student unsubsidized loans can add up to thousands of dollars more than expected. Lower interest rates will allow for fewer post college interest rate costs on loans. Grants as well as other financial aid opportunities will drastically improve conditions for current and younger generations, which will trickle down to a reduction in financial elder abuse instances for the Baby Boomer generation. Opportunities to access these federal and private lump sums of money will be a relief for college and post college
*** The key point here would be retention practices increasing successful baccalaureate attainment. As much as Fin Aid can assist a students, it is other items such as personal, academic, learning styles, housing, transportation, hunger and the list goes on that prevents young adults from earning college degrees.
Financial abuse is another common form of elder abuse that occurs when a caretaker is an opportunist and the victim cannot process or understand what is going on. This is frequently perpetrated by caretakers who are either family members or hired on to take over the responsibility of caring for these helpless seniors (Bartle-Haring, Slesnick, & Carmona, 2015).
As an individual, my thoughts evoke upon this critical subject, and after maturely analyzing the several schemes of insurance, student loans and financial aid, I have found them grossly misleading and illusory tips of receiving an immense amount of cash for college education. It is true, an institution displays their fantasy and glorious programs to educate an individual, but are at the disadvantage to completely support the underprivileged from expenses.
The Office for Older Americans conducts many types of research and studies that impact elders, one such is the Report and Recommendations: Fighting Elder Financial Exploitation through Community Networks in which was found that, “Financial abuse or exploitation is a widespread form of elder abuse that often occurs in tandem with neglect and other types of elder abuse. Financial abuse can be perpetrated by family members, caregivers, fiduciaries (CFPD, n.d. P.8 para.4). Included in this report is a quantitative analysis of any “existing networks working on elder abuse and/or senior safety issues from the U.S. Administration on Aging, NCPEA, and the National Sheriffs Association” (p.48). Furthermore, a qualitative approach which included peer-reviewed articles, reports as well as multiple resources were used to provide a historical
As learned from the video clip, “Adult Protective Services & Elder and Dependent Adult Abuse,” (C-Dub Productions, 2012), elder abuse is a crime that is affecting our communities regardless of economic, language or financial status. Elders and dependent adults are among the most vulnerable. They experience all types of abuse, physical neglect, and financial scams. It is worrying that adults being as much or more exposed to abuse as children are not protected. Older people are often isolated; they do not seek help or talk about the abuse they are facing. Sometimes elders put their pride before anything else. The feeling of shame often results in elder abuse remaining hidden.
To better understand the scope of the problem, it is crucial that society knows what is considered as elder abuse and why it is important to resolve this issue. Elder abuse refers to any intentional or negligent act by a caregiver or any other person that causes harm or a risk of harm to a vulnerable adult. There are many forms in which an elder can be abused, “Elder Abuse and Neglect” Journal of Psychosocial Nursing & Mental Health Services distinguishes between the five most common types of elder abuse as well as their effects and/or common signs and symptoms for each. These types of abuse include physical abuse,
Elder abuse includes physical, emotional, and sexual abuse as well as neglect, exploitation and abandonment of our older generation (Falk, 2012). The people that cause these injuries include the elderly person’s own family and staff members of nursing homes, assisted living facilities, medical rehabilitation facilities and hospitals (NCOA, 2017). There is approximately 1 in 10 older adults that have experienced some type of elder abuse in the United States (NCOA, 2017). Within these staggering numbers, only 1
It may not come as a surprise but older adults hindered with disabilities have a higher instance of financial abuse (Peterson et al., 2014). Disabilities can include impairment with ADL’s and/or dementia, but most commonly an older adult who has to rely on others for daily activities. Older adults fear their caregiver will not provide care if they don’t give them want they want/need. Negative effects of financial abuse include the loss of money or property but failure to taken medications, high blood pressure, depression, and homelessness.
When the condition of the state continues to breed poverty, ignorance and lack of access to quality education create circumstances that can contribute to future situations for elderly abuse. Elderly abuse tends not to be present in wealthy communities, here is why; they can afford end of life care so as not to be a burden to the caregiver, and having had access to wealth for medical and increase diets needs which leads to better heath. The National Center on Elder Abuse says there is a risk of 300% for death of elders who experience abuse compared to those who have not been abused (28). There is no range limit as to how far different types of abuse, neglect and abandonment will reach for the elderly people. In addition, long term care and nursing homes
4. Older adults face a lot of change due to the fact that some are unable to do a lot of things they are used to. Due to this loss of ability and freedom, ethical and legal issues arise. One problem the elderly population face is Ageism. In the book Global Health Care: Issues and Policies, by Carol Holtz, ageism is defined as “a process of systematic stereotyping and discrimination against people because they are old (Holtz, 2013).” Ageism can cause abuse, neglect, isolation, and a lack of listening or respect towards the elderly population. Elder abuse is a tremendous problem that is seen throughout many area of the world. In fact, in the U.S. 550,000 elderly individuals experience abuse in a variety of settings. Although there are many laws
Who is at risk? What are the signs of elder abuse? A 2017 study found that over the course of a year, 15.7% of adults over the age of 60 experienced some form of abuse (Yon et al.). Although this is likely underestimated, 15.7% (or 1 in 6) individuals over the age of 60 experiencing abuse is a staggering statistic. Furthermore, The World Health Organization states that 40% of nursing home staff members admitted to psychologically abusing patients, and 10% admitted to physically abusing a patient (“Elder Abuse Fact Sheet”). There are several risk factors for being a victim of elder abuse. The National Center on Elder Abuse says that individuals that are dependent on others to survive, individuals with dementia, women, low-income individuals, and individuals in larger households were all more likely to experience one or more types of elder abuse (“Statistics/Data”). This is not to say that everyone in one of those categories is being abused, but recognizing that these groups are at risk can help is identifying elder abuse. Identifying elder abuse can be difficult depending on the type of abuse. The National Institute on Aging states that abused elders may have trouble sleeping, become depressed, confused, agitated, or violent, become withdrawn and stop participating in activities they normally enjoy, have unexplained bruises or scars, or have an unkempt or messy appearance (“Elder
Older adults are the ones that tend to be most forgotten by being pushed away into a nursing home, where their families seldom visit, or tend to be overlooked and bypassed. A majority of American’s assume that just because a person is much older, means that they do not have the same problems as the younger generations, however, that is false. Older people can have the same problems has everyone else, they can have depression, they can have a sex drive, and have an increase chance of being mistreated and abused. When discussing elder mistreatment, people are sometimes taken back that elders can in fact be mistreated. Senior citizens have a great change of being abused because of the type of care-giver they have, the health issues that have put
Abuse can happen to anyone, but elderly adults residing in nursing homes are more vulnerable and have a higher risk for abuse (Rasansky Law Firm, 2006, para. 1). Elders are among the fastest growing in the population, and because of this many more elderly
financial elder abuse, eight percent mostly matched, none answered not at all. The framework developed is important to social work as it is valid and a reliable method
Elder abuse is a broad term that encompasses 6 different types of abuse: Physical Abuse, Sexual Abuse, Abandonment, Neglect, Emotional/Psychological Abuse, and Financial Exploitation. Of these, financial exploitation is the third most commonly substantiated type of abuse with an estimated financial loss of $2.6 Billion per year. (Elder Abuse Fact Sheet 2010) One study showed that 41 of every 1,000 residents in New York were the victim of major financial exploitation, but only 1 in 44 cases of were actually reported to the authorities. (Lifespan of Greater Rochester Inc., Weill Cornell Medical Center of Cornell University, and New York City Department for the Aging 2011) What is financial exploitation and who is at risk? Why is there such a