From 1990 to 2010, the number of seniors in San Francisco increased by 11 percent. Close to 20% of San Francisco’s population is 60 or older, and a higher percentage of San Francisco residents are seniors compared with the state of California as a whole. Continued growth of the senior population is expected in San Francisco though 2020 and beyond, with the oldest and youngest groups of seniors– those between the ages of 60-64 and seniors over 85 — both driving the increase in the elderly population. In the past 20 years alone, there was a 44% increase in the number of seniors ages 85 and older living in San Francisco.
As seniors get older, the risks of serious health issues such as dementia increase. Unfortunately, some older seniors — especially those suffering from cognitive impairments due to age — tend to be vulnerable to various types of abuse including financial exploitation. Protection for vulnerable seniors is vital and a San Francisco financial elder abuse attorney at Evans Law Firm, Inc. can provide help when abuse occurs.
Financial, Security and Insurance Abuse of Seniors is a Problem in San Francisco
Financial, security and insurance abuse is always devastating to seniors, but the impact can be especially harmful in San Francisco where older residents already face challenges keeping up with the rapid increases in the cost of living in the city.
SF Gate reported on the sad stories of many seniors who had spent their lives in San Francisco but whose Social Security payments and retirement savings no longer paid the bills as prices climbed. Competition for affordable senior housing in San Francisco is scarce, with around 13,000 low-income seniors living below the poverty level turning to federal and state programs for help finding affordable places to live.
While some seniors find themselves in the position of being priced out of their homes simply because they weren’t able to save enough during their working years, others end up losing nest eggs due to bad financial advice by unscrupulous advisors or because of financial fraud and abuse perpetrated against them.
It is those seniors who face financial damage due to fraud or abuse that the attorneys at Evans Law Firm, Inc. can provide help to. Our legal team has dedicated their careers to fighting to protect victims of all ages whose futures are harmed because of exploitive or abusive behavior.
Whether it is pursuing a claim against a caregiver or nursing home or taking legal action against financial advisors who defrauded seniors, our experience has ensured we can fight assertively and effectively to protect our client’s financial security.
If you are a senior living in San Francisco, you know how important it is to protect your nest egg so you can remain in this rich, vibrant, and expensive city. You should not have to face financial worries or potentially be priced out of San Francisco because of financial abuse or bad financial advice.
Call Evans Law Firm, Inc. today at 415-441-8669 or contact us online to talk with a skilled financial elder abuse attorney to find out how our legal team can help you to fight to recover money lost due to financial abuse or fraudulent behavior on the part of financial advisors. We not only represent elderly victims, but also help anyone throughout San Francisco who was affected by financial, securities and/or insurance fraud.