A dementia diagnosis is a life-changing event. As families grapple with emotional and medical complexities, they often face another immense challenge: taking control of their loved one's finances. Dementia progressively impairs the cognitive functions required for sound financial judgment—tasks like balancing a checkbook, spotting a scam, or tracking monthly bills become overwhelming. For a person who has managed their own money for decades, losing this independence can be de

The statistics on how many seniors are scammed each year vary depending on the source and the year the data was collected, as many frauds go unreported. According to reports from the FBI's Internet Crime Complaint Center (IC3): In 2023 , over 101,000 victims aged 60 and over reported fraud to the IC3. In 2021 , the IC3 received 92,371 complaints from victims over the age of 60. It is important to note that these numbers only reflect reported incidents to the FBI. Other sou