A relative have been continuously borrowing money from my 88 year old grandmother who is living alone. That relative is well and everything but refuse to look for a job; lives in a HDB mansionette which he refuse to rent out. He keeps coming to my grandmother to borrow money from her. And because he is relative, it is difficult for my grandmother to reject him. He also frequently waits for her at market she goes to or even wait for her outside the polyclinic just to meet her and borrow money from her. The money he borrows from my grandmother are all spent on women and other miscellaneous things like buying jewelry for a masseuse. Currently, he borrowed approximately $700. And his reason for not returning the loan was that he had not won the lottery yet. As a granddaughter, I have tried to reason with my grandmother to stop her from loaning that relative anymore money but to no avail. What more can I do?
If this elder is competent to know what's what, and is still content to give her relative the money, she is not being abused. She may be being taken advantage of. But they are not the same thing.
Call Adult Protective Services, your local Agency on Aging, or law enforcement when someone is being abused like this.
Payroll is extremely costly, with having 2 or 3 shifts of personnel. Plus contracts for the cleaning staff... maintenance staff... chef and kitchen staff, waitstaff in the dining rooms... on-site nurses 24 hours a day... aides... med techs who dispense medicine to the residents.... office staff... Administrator.... contracts for physical therapists.... ground keepers.
Another extremely costly item is liability insurance, that cost alone is through the roof. And maintenance of dozens and dozens of furnaces and air conditioners, lighting, cable maintenance, the maintenance men are busy all day long helping residents with various things that need repair or replaced. Keeping the laundry facility up and running. The elevators in working order. And all those bathrooms where someone is always clogging up the toilet.
Imagine what the electric bill looks like for such a complex. Not to mention the water bill, and gas bill if gas is used for heating and cooking. In winter the cost to hire snow plows to come in to clear the parking lot, or in better weather the cost of lawn mowing and landscaping. Oops, almost forgot the cost of cable service to each and every room, and landline telephone service.
The list goes on and on.
I'll tell you why .. If every single person or entity that took advantage of our aging society then every single physician and every single assisted living (or similar) facility would be shut down and their owners jailed. You want to see elderly financial abuse?.. check into assisted living "costs and charges, yet our government allows the theft. People need to remember, just because you "grow up" and then start seeing things as wrong or different regarding your parents or grandparents, is really none of your business unless they are in physical danger.