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University of Kentucky Hosting Conference on Elder Abuse

by Brenna Angel, Kentucky Public Radio

A center at the University of Kentucky is taking a multi-disciplinary approach to preventing elder financial abuse.

The Justice Center for Elderly and Vulnerable Adults, which is hosting its inaugural conference today in Lexington.

“Older adults have the lion’s share of the wealth in the country. They are targets for somebody else who wants it. Secondly, elders are wired even by theory to be me more trusting of others. So that may open us up to vulnerability,” says center director Pamela Teaster. “It’s different when you lose money at age 30 or 40 as opposed to losing money at age 80 or 70 because what do you have to recoup that? You no longer have the working years you had and if you had to rely on the stock market, good luck.”

Teaster says senior citizens are also vulnerable to financial abuse because their memory and decision-making abilities may be challenged as they age. Actor Mickey Rooney is the keynote speaker for the Justice Center’s conference. He has filed a lawsuit against his stepson for allegedly defrauding him. Rooney has testified about elder abuse before Congress.

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Local News Next Louisville Politics

Fischer Discusses Plan to Bring Aging Care Jobs to Louisville

Louisville Mayor Greg Fischer Wednesday unveiled his plans to focus the city’s economic development efforts on the lifelong wellness and aging care industries.

Fischer announced a new center to develop businesses that focus on elderly care in Nucleus, University of Louisville’s life sciences campus.

Mayor’s spokesperson Chris Poynter says the initiative is aimed at bringing jobs to Louisville.

“Early in January, Dharma Construction which builds nursing home facilities relocated their corporate headquarters from California to Louisville. The mayor wants to look at how can we attract more businesses, how can we grow local business, how can we also for example go after conventions and industry trade shows,” he says.

A new think tank funded by Signature Healthcare and Nucleus will also be housed at Nucleus’s headquarters on Market Street downtown.

In addition, Signature Healthcare and Nucleus will each contribute $1.5 million to an investment fund to assist innovation in the wellness and aging care industry.