Guarding Elder Finances: Practical Steps to Prevent Family Mistakes
TL;DR
Americans over 70 control about $53 trillion in wealth and are prime targets for financial scams; the article urges empathetic, proactive engagement with aging relatives, due diligence, and outside help—such as AARP's BankSafe Initiative—to prevent financial missteps, while noting that family dynamics can both aid and impede timely interventions.
Topics:businesssociety#elder-care#elder-financial-fraud#family-dynamics#fraud-prevention#scams#society
How to Prevent Aging Parents and Relatives From Making Financial Mistakes The New York Times
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