Report on Financial Exploitation of Older Adults
In response to Governor Wolf's Executive Order on protecting vulnerable populations, the Pennsylvania Department of Aging has released a study on the impact of financial exploitation of older adults in Pennsylvania.
The study reviewed financial exploitation cases in 14 Pennsylvania counties during the period July 1, 2017 through June 30, 2018 to examine the types of financial exploitation that occurred, the combined amount lost, and the financial impact of these losses on the victims, the economy and the commonwealth. The study also reviewed financial exploitation studies conducted by three other states, as well as academic literature published on the topic.
The complete report can be found below, including the Department of Aging's recommendations for how the commonwealth can strengthen prevention efforts.
PA Department of Aging – Financial Exploitation of Older Adults Study Report