Rising worry in Singapore - Financial abuse of seniors by their children is being looked into, says social ministry


Financial abuse cases include those where seniors' children withdraw their money without their consent. - PHOTO: ST FILE

SINGAPORE (The Straits Times/ANN): Elderly parents forced by their children to sell their assets – to their children’s benefit but to the seniors’ detriment – is an emerging issue raised by social workers and other stakeholders.

The Ministry of Social and Family Development (MSF) is working with its partners and relevant stakeholders to further study the problem of financial abuse.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Hong Kong court’s verdict in Jimmy Lai trial sheds light on law, experts say
South Koreans hunt for old LG air conditioners after logos turn out to be pure gold
Singapore community in Hong Kong raises over S$304,000 to support victims of Tai Po fire
Laos strengthens finance to drive growth, maintain financial stability
Bruneian novelist wins prestigious SEA Write Award in Bangkok
HK star Natalis Chan, 75, on why he supports euthanasia: 'Your life is in your hands'
Singaporean man hurls glass bottle towards bus passenger he quarrelled with, breaks window and injures woman
Kajang babysitter gets five years' jail for abusing boy, causing right leg fracture
From hospital beds, Cambodian soldiers describe 'toxic gas'
Landmark Singapore-Indonesia deals took decades, leaders must keep trust-building going: Panel

Others Also Read