Older Americans are losing $20.3 billion each year to 'financial exploitation' by their friends and family, a shocking new report lays bare. Experts warned that adults aged over 60 are being 'stripped of a significant part of their retirement savings' by loved ones who improperly use their funds, property or assets. A further $8 billion is lost in cases where the perpetrator is a stranger to the victim, according to the report by the
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