By Juliette Fairley NEW YORK ( MainStreet)--The World Health Organization projects that those over 60 years old will double from 600 million today to 1.2 billion by 2025. Critical to the increased aging population is a rise in elder abuse.
"State securities regulators are working with thousands of doctors across the United States to make sure that they learn the symptoms of this problem and what to prescribe in terms of help from the experts who are standing by to provide it," said Blandin. A study by MetLife Mature Market Institute estimated the financial loss from abuses to be at least $2.6 billion a year. Examples of investment fraud and financial exploitation include unreasonably high fees for financial services, an inappropriate investment and fraud. "Policymakers would do well to remember those frail and aging members of our communities not only because it is the right thing for human rights but because it is the right thing to do economically. The aging boom is just beginning and where we go with our policy decisions in the next several years will be critical to stemming the epidemic of elderly abuse and discrimination," said Thomason. --Written by Juliette Fairley for MainStreet