Elder financial abuse is when someone takes advantage of an older person and steals or cheats them out of their money or possessions. It is like when a bully takes your candy and won't give it back even though it's yours.
There are different ways that elder financial abuse can happen. Someone might convince an older person to give them money or sign over property by lying or tricking them. It's like when someone promises to give you a toy if you give them your lunch money, but they don't actually give you the toy.
Sometimes, scammers try to get money from older people by pretending to be someone else, like a bank or the government. They might call or email and say that the older person owes money, but it's actually a trick. It's like when someone calls and says they are a superhero and need your help, but they are not really a superhero.
Elder financial abuse is very wrong because it hurts the older person and it is against the law. If someone is taking advantage of an older person, it's important to tell someone who can help, like a teacher, parent, police officer, or a trusted adult.