9 Ways Caregivers can Avoid Financial Ruin and Abuse with Alzheimer’s Patients

Did you know current statistics indicate that 15% of people living with dementia have been victims of fraud, financial scams, telephone and mail scams?

By Bob DeMarco
Alzheimer’s Reading Room

Holding Hands Alzheimer's Reading Room

Sadly, the number of cases of persons living with Alzheimer’s and related dementia being victims of financial scams, poor financial judgement, financial ruin and abuse are growing.

Have you taken the necessary steps to avoid this? If your loved one living with dementia lives alone then both of you (patient, family) are extremely vulnerable and at great risk.

You should really make sure they can’t be called by scammers. Don’t you hate those unsolicited phone calls? Did it ever occur to you that persons living with dementia might like them, like someone to talk to?

Watch out for new people in their lives like maids or so called “handy men”.

You should be thinking this way. The best criminals and scammers are smart; and, they can spot a new victim from a mile away.

How about the guy that started attending Alzheimer’s support groups; and then, started scamming the older women he met. Think about that one.

Check out the list below. Feel free to add your insight and advice in the comments section below. We can benefit from new and useful information.