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And -- -- -- -- live think about this -- amber at Erica Sandberg is with his right now.
Personal finance expert talking about something that's really happening a lot lately Erica and I've been hearing it these last couple weeks more than ever.
Thought -- really financial abuse and the most recent story I heard the other day it was an attorney.
Telling his clients that they had to see -- everything that they just inherited.
When you finally go through when you read the fine print and the reason.
These all elderly people were told to sell is because the attorney.
Mean money only when the -- sold -- the kind did not sell the attorney did not make anything so there's.
Always underlying nonsensical making me rich issues that these poor people are missing and.
Definitely it's it's an ugly business there's no doubt about it -- to look at in the -- is.
-- and -- -- situation but it's.
Everywhere and I actually you know more and more we are.
Thank god for the Internet and things like that are elderly educating themselves I think and they're much more aware and they can be in the can ask questions -- -- and feeling -- this is -- in isn't bunch of people -- just -- retiring garden.
You know they do and I hate to say it but the economy that was what was going on right now.
Is really driving a lot of these fast and it -- -- horrible crimes.
And you know it's it's brutal and you know they'd -- something that everybody should be aware of if you've got elderly parents if -- -- leaders felt they got to be aware of -- to -- -- some of the things that he was to be aware of well if you are older.
You want to make sure that the people who were caring for you are credible.
-- and sometimes they're own children and you don't want it accuse your kids and doing something underhanded.
But you know be aware check your bank statements make sure that you know money is where it should be.
You know and if you have an elderly parents that you that you are concerned about.
But do your homework make sure that there's if you have siblings who were taking care.
Of that person.
That you are on top of that you're holding regular money management meetings because you know it you never know what could happen underneath your -- -- house.
That's the problem and I seen in my own crazy family and they were Sicilian like the in built ten on you on the job of the half and they stab each other in the back every third day -- the -- I seem kids go to bat over money you know these -- -- that I don't think they got know and trust.
-- and on that million to about Iran after they you know there.
Yeah you know and it happens in almost every single family I think that's what with what most astounding I'm aspect of doing this story.
On which is everybody has some kind a tale about they know somebody who.
Is a victim or they knew somebody who actually committed the crime -- -- really brutal it's it's it's so widespread it's scary you know 34%.
Of all elderly financial abuse happens.
It it it to -- one.
It's it's horrible.
It's still our ball.
In 2011 Matt -- did a study of elder financial abuse -- famine victims plus two point nine billion dollars annually and this is often -- kids trying to take their money.
So let's talk about some things that these people could do other than -- -- -- children altogether.
Which we don't want to fit well I don't have how some of them yes.
Well it really looked at -- kids clinic and -- that is the kids because they're not always certainly they're strangers involved as well but and look at who is most susceptible.
Women are twice as susceptible to this type of crime than their male counterpart if -- between the ages of eighty an eighty night.
You're more susceptible so really kind of look at the -- and look at the profiles of the perpetrators as well if you greens depending kids but does that really scary aspect.
They don't know anything about money they've always relied on you for cash.
You -- a look at your kids do because they need to -- the gun issue.
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