Seniors take $28.3 billion hit annually from financial exploitation, AARP finds
Artificial intelligence and restrictions on some transactions by elder customers could help reduce the problem, financial industry officials say.
U.S. seniors lose $28.3 billion annually as a result of financial exploitation, according to a new AARP study released Thursday as elder abuse was highlighted by the financial industry and securities regulators.
The AARP report shows that the vast majority of funds stolen from older Americans are
Learn more about reprints and licensing for this article.
