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Efforts launched in Utah and nationally are taking aim at the rising toll of elderly ﬁnancial fraud, which in the state can top $1 million a day.
a day is stolen from Utah seniors
$85,253 per victim
Earning this back would take:
(based on average hourly earnings)
was stolen by
Top three ways
Seniors are exploited
Deeding their homes Joint bank accounts Financial power of attorney
1 2 3
40% by children 12% by grandkids 4% by other relatives
Sources: Utah Division of Aging and Adult Services and Bank of American Fork