Highlights
A Vancity survey, conducted by the Mustel Group, of people aged 65 or older in Metro Vancouver and the Capital Regional District reveals that:
- More than one-third (35%) of seniors who experience at least one type of financial abuse choose not to tell anyone
- One-fifth (21%) of seniors who experienced financial abuse and did not report it say it was because they didn’t know who to tell.
- Of those respondents who say they did not report incidences of abuse, 15% were embarrassed by thesituation and 10% feared it would make the situation worse or result in retaliation.
- More than 80% of survey respondents could not name any support services available for seniors who maybe victims of financial abuse.
- There is a large gap between unprompted reports of financial abuse (3%) and reported abuse when respondents are presented with specific scenarios (36%), indicating many seniors may not understand theways in which they may be victims.
Source: Vancity
