With more than 10,000 people turning 65 every day in the US, Americans aged 65 and older now hold more than 27% of all US wealth.
It's no wonder seniors are prime targets for scammers and swindlers.
An expert at the University of Michigan estimates that 20% to 25% have mild cognitive impairment while about 10% have dementia, USA Today reports.
For these seniors, the chore of accurately and promptly paying bills may be stressful and difficult to execute properly.
Fortunately, there are financial management services that can help.
"As the nation's senior population continues to grow, those who care for seniors can address fraud and cognitive impairment by investing in financial management services that extend independence for seniors by reliably paying their bills," says a post at Forbes.
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Florence Norman founded Sweet Cavanagh, an award-winning peer-led aftercare social enterprise based in Notting Hill. The company hires women and trains them how to make and design jewelry. However, these women are in the process of recovering from eating disorders and addictions.