What is one key indicator of potential elder abuse regarding financial behavior?

One key indicator of potential elder abuse regarding financial behavior is unusual large withdrawals or purchases. This behavior can signify that an elder individual may be under undue influence or coercion in their financial decisions, possibly by someone exploiting their trust or vulnerability. Large withdrawals could indicate a loss of control over their finances or an unexpected need for cash, raising red flags for financial counselors and caregivers. Monitoring for such activities is essential because they may suggest that the elder person's financial resources are being mismanaged or exploited.

In contrast, other indicators such as sudden changes in investment strategies and frequent changes in healthcare providers may point to different issues, such as shifting health status or changing investment goals, but do not directly reflect financial abuse. Similarly, inconsistent travel plans might indicate a lack of organization or changes in lifestyle, but they are not as directly indicative of financial exploitation as the behavior of making unusual large withdrawals or purchases.