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Banks can fight elder financial exploitation

Question: 
Why are banks so pivotal in helping to combat elder financial exploitation?
Answer: 

National surveys have found that people over the age of 50 make up about one-third of the population while accounting for 61% of bank accounts and 70% of bank deposits. Bank employees can help detect and prevent elder financial exploitation by noticing red flags for changes in account activity.
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Learn more about Susan Costonis‘s webinar
Who’s Stealing Grandma’s Money? — Elder Financial Exploitation

First published on 03/03/2019

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