Last year, a national report estimated almost 250,000 elderly Canadians have been financially abused. The better your bank knows you and your financial habits, the better they’re able to spot irregularities which could signal that someone is taking financial advantage of you.
Elder financial abuse: how to protect yourself and your money
In the wake of the story of a 92-year-old B.C. man who alleges two of his children took nearly all his life savings, CBC’s B.C. Almanac host Gloria Mackarenko asked bankers, legal experts, and law enforcement how to protect against financial abuse, and what recourse is available to those who experience it.
Read the article at CBC News.