Few things are more disturbing than stories of elder abuse. But while physical abuse and neglect of seniors gets plenty of attention, financial abuse of the elderly is less visible.
Still, about one in eight of the elder abuse cases reported every year relate to financial abuse, according to the National Center on Elder Abuse. And the perps are not who you might think.
In a new study of the state of elder financial fraud, 58 percent of the people reporting financial abuse said the wrongdoer was a relative, most often an adult child.
"It's happening in the house. Somebody is borrowing money or helping themselves to things. The older adult knows it's happening, but it really doesn't stop," said Janey Peterson, an assistant professor of clinical epidemiology at Weill Cornell Medical College and the lead author of the study.