Tips for protecting the elderly from financial abuse

The Philadelphia Financial Exploitation Prevention Task Force Wednesday is hosting "Safeguarding Our Seniors," a free event at the Parkway Public Library, 1901 Vine Street.

The program for older adults and caregivers is open to the public, and focuses on preventing senior financial exploitation by keeping money and assets safe, making good financial decisions and preventing and reporting elder financial abuse.

The seminar takes place in the Library's Skyline Room from 10:00 a.m. to 12 noon.

According to the National Adult Protective Services Association, one in nine seniors reported being abused, neglected or exploited in the past twelve months. Only one in 23.5 cases is reported to any agency, according to NAPSA data.

Philadelphia has the second highest proportion of seniors of the nation's 10 largest cities. An estimated 19,000 Philadelphians age 60-years-old and older are financially exploited each year, according to Joseph Snyder, director of Philadelphia Corporation for Aging's Older Adult Protective Services and former NAPSA president.

earvedlund@phillynews.com

215-854-2808 @erinarvedlund