Swindling the Elderly: A Real and Growing Problem
June 21, 2012
AdvisorOne-Michael Finke, who heads the Personal Financial Planning program at Texas Tech University, along with John Howe and Sandra Huston, published a study showing both that Americans over age 60 experience cognitive decline and, crucially, that they fail to recognize this decline.
Experts in a position to know say the problem of financial exploitation of senior citizens is real, and getting worse.
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Michael Finke, who heads the Personal Financial Planning program at Texas Tech University, along with John Howe and Sandra Huston, published a study showing both that Americans over age 60 experience cognitive decline and, crucially, that they fail to recognize this decline.