Business

Free Class on Preventing Elderly Financial Abuse in Kona Sept. 19

August 20, 2012, 8:09 PM HST
* Updated August 21, 10:31 AM
Listen to this Article
1 minute
Loading Audio...
A
A
A

Bank of Hawaii is offering a free seminar on preventing elderly financial abuse in Kona on September 19 from 5:30 p.m. – 7 p.m. as part of its “Smart Money Seminars” series.

The event, held at the new Bank of Hawaii Kailua-Kona branch in the Kona Commons, is geared for senior citizens and will educate Big Island residents about the different types of scams that target seniors.

Attendees will learn:

• What is senior financial abuse?

• How to identify different types of scams

ARTICLE CONTINUES BELOW AD

• How to protect yourself from fraud

ARTICLE CONTINUES BELOW AD

The number of senior citizens on island is growing. Earlier this year the County Prosecutor’s Office reported that the Big Island’s population of elderly ages 60 and older increased 43.5% between 2000 and 2010.

And according to the latest census data, 13.5% of the 185,000 residents in Hawaii County are over the age of 65 with another 26% becoming senior citizens over the next two decades.

As large numbers of baby boomers hit retirement age, more and more of them are being targeted for fraud. Nation wide, seniors lose $2.9 billion a year to fraud and the majority of victims are women, according to a 2011 study conducted by the National Committee for the Prevention of Elder Abuse and the Center for Gerontology at Virginia Tech.

ARTICLE CONTINUES BELOW AD

The extent of financial elder abuse on the Big Island is difficult to gauge because the County Prosecutor’s Office estimates that for every reported case of elder abuse—financial or otherwise—another five incidents goes unreported.

To register for the Bank of Hawaii seminar on fraud awareness for seniors or to request Bank of Hawaii bank offer the free seminar for your civic or senior-related group, email [email protected] or call 808-694-8820.

Comments

This comments section is a public community forum for the purpose of free expression. Although Big Island Now encourages respectful communication only, some content may be considered offensive. Please view at your own discretion. View Comments

Newsletters

Get a quick summary of what’s happening on the Big Island with our daily & weekly email of news highlights.