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Senior Australians are becoming increasingly vulnerable to financial abuse from within the family, as adult children facing difficult economic times pressure them into handing over money, loans or property.
Findings of a recent National Elder Abuse Prevalence Study by the Australian Institute of Family Studies (AFIS) show that one in six people aged 65 and older has experienced some type of abuse within a 12-month period.
The survey of the 7000 seniors living in the community (that is, not in residential aged care) found the most common types of abuse included:
- Psychological abuse (11.7%)
- Neglect (2.9%)
- Financial abuse (2.1%)
- Physical abuse (1.8%)
- Sexual abuse (1%)
Source: Australian Institute of Family Studies
Overall prevalence rates were similar for men and women, with men slightly more likely to experience physical abuse and more women experiencing sexual abuse and neglect. Seniors with poor physical or psychological health and higher levels of social isolation are at greater risk of elder abuse, as well as those who no longer have decision-making capacity.
Financial abuse on the rise
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