GAO Report Urges Federal, State Governments To Devote Greater Resources To Investigating Elder Financial Abuse.

January 19, 2021

Forbes (1/19, Knutson) reports the Government Accountability Office (GAO) released a report on Tuesday urging the federal government and the states to devote greater resources to investigating elder financial abuse. GAO notes some studies have said the costs of this financial exploitation is in the billions. The article adds, “To uncover the financial toll, GAO is urging HHS’s Administration for Community Living to add cost figures to the NAMRS reports.” The “researchers say state adult protective services officials told them victims often are reluctant to implicate others, especially family members or other caregivers.”

Last modified on 01/21/2021

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