Seniors face financial abuse

In limbo: Financial abuse cases include those where seniors’ children withdraw their money without their consent. — 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.