From Helaine Olen’s Slate article The Grandparent Trap on elder financial abuse:
“The motivation is basic: As Willie Sutton famously observed about the banks, the elderly are, increasingly, where the money is. Seniors have assets, and they often own their homes outright. Combine that with the estimate that people who make it past the age of 85 suffer about a 50 percent chance of suffering from a significant cognitive decline like Alzheimer’s, and you can see why the problem is so large.”
Many thanks to Cynthia Wilkerson of Little Brothers-Friends of the Elderly for sharing this with us.