Types of Abuse

Financial and Material Abuse Financial and material abuse is a type of crime in which a person uses another person's money or property for personal gain. This type of abuse can cause financial difficulties, emotional pain, and lack of freedom for the person who is being abused , which the guardian will have wealth, of the real person, from the wealth of the elder. This can include extorting money, forcing the victim to sign over their property, or using their property without their permission. According to the National Center on Elder Abuse, financial abuse is the most common form of elder abuse, with nearly 1 in 20 adults experiencing some form of abuse. It can also happen in intimate relationships. For example, a spouse can restrict access to income, withhold funds for basic needs, or remove debts on behalf of the spouse. This leaves the person trapped and dependent on their abuser for financial support. Furthermore, financial abuse also occurs in areas where people are vulnerable due to disabilities and mental health issues. . Caregivers and family members can use their power to use the victim's money, depriving them of the resources they need for basic needs such as food, shelter and health. , because they are embarrassed or ashamed to ask for help. However, it is important for individuals to recognize the signs of financial abuse and speak up if they think someone they know is being abused. There are aid to help people with financial problems, including the elderly. security agencies, legal aid organizations, and financial advisory services. By speaking up and seeking help, victims can protect their property and get their property back. Finally, money laundering is a serious type of crime. It is important for individuals to recognize the signs of financial abuse and take action to protect themselves and others from abuse. By raising awareness and support for victims, we can work to prevent money laundering and promote financial empowerment for all. References: 1. National Agency on Elder Abuse, https://ncea.acl.gov/ 2. National Violence Hotline, https://www.thehotline.org