PROTECT Week Spotlights Elder Financial Abuse

In 2024, older Americans reported nearly $4.9 billion in losses due to fraud, marking a 43% increase from the previous year. The average loss per victim aged 60 and older was approximately $83,000, highlighting the severe financial impact on this demographic.

To assist Marylanders in identifying and combating fraud, AARP Maryland, the Office of the Attorney General, Office of the Comptroller, CCCSMD (Consumer Credit Counseling Service of Maryland), the U.S. Attorney for the District of Maryland, the Commissioner of Financial Regulation from the Maryland Department of Labor, the Federal Bureau of Investigation Baltimore Division, and a coalition of consumer protection groups will host an annual statewide public awareness campaign during PROTECT Week (Protecting Older Americans from Financial Exploitation), June 16–20, 2025.

This initiative aims to educate the public on recognizing and preventing elder financial abuse, providing resources and support to protect older adults from exploitation.

PROTECT Week 2025

PROTECT Week, June 16-20, is the perfect time to remember that seniors are vulnerable to financial abuse by loved ones and strangers. Some warning signs to look out for include a caregiver or family member who suddenly asks for access to your loved one’s accounts or possessions, changes in their financial practices, such as new credit cards or unopened bank statements, and a financial agent who isn’t following your loved one’s wishes.

Beginning Monday, June 16, through Friday, June 20 we will be streaming a series of FREE workshops, webinars, interviews and tele-town halls with leading experts on elder financial abuse on our Facebook and YouTube channels. Alongside our virtual activities, we are also hosting a variety of in-person events throughout the week, including free document shred events and workshops. For a complete list, scroll through the list below.