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Fraud is a serious crime, and older adults are often targeted. In 2017 over half of fraud complaints came from adults age 50 and older.

Elder abuse takes many forms. It can be physical, financial, psychological, or a combination of these. It can take place at home or in an institutional setting.

One indicator of smart fiscal practices is maintaining balance between spending and revenues. Occasionally deficits may be necessary.

Federal and state governments have tried to change budget rules to control government spending. Budget rules have also been used to impose fiscal discipline.