Our population is ageing and incidents of elder abuse are increasing in line with this trend.
Elder abuse is a serious issue in New Zealand, and Age Concern report that they receive around 2000 referrals a year, with the most common types being financial, physical and emotional. For every referral, there are, no doubt, many more cases which go unreported.
Financial abuse of the elderly can take many forms. At the lower, but still unacceptable, end of the scale, is pressure put on elderly parents by their children or others with regard to their financial affairs.
In some cases, children may put pressure on parents not to use up their savings in order to preserve the children's inheritance. Such pressure could see the elderly being persuaded not to move into a rest home or retirement village, not to take overseas trips or buy a new car, and not to borrow funds through home equity release.
Alternatively, children or others, such as caregivers or friends, may pressure the elderly to give them money or possessions.