Financial disputes involving the elderly are increasing year by year
From 2017 to 2019, the number of "investment and financial management" cases involving the elderly in Beijing No. 2 Intermediate Court has been increasing year by year, and private lending cases accounted for two-thirds of the total.
Although the success rate of the case is very high, the possibility of the old people recovering the full amount of property is not optimistic.
From 2017 to 2019, the Second Intermediate People's Court heard a total of 195 "investment and financial management" civil and commercial cases for elderly people over 60 years old, including 58 in 2017, 67 in 2018, and 70 in 2019.
Among them, 128 cases of private lending disputes, accounting for 65.7%; 32 cases of entrusted contract disputes.
There were 173 cases sued by the elderly as plaintiffs, accounting for 90% of the cases, and most of the cases were concentrated in private lending disputes.
According to the statistics of the Second Intermediate People's Court, these litigation requests received support or partial support for 165 cases, with a winning rate of 95.4%.
The judge introduced that in more than 60% of cases, the annual rate of return promised by the "financial management party" exceeded 24%, and some even exceeded 50%.
The judge's analysis found that many senior citizens actively seek investment and wealth management channels because of their actual financial needs, but they lack financial investment knowledge. They only seek high interest rates and cannot discern the exaggerated words in the promotion information, such as "100% high interest" and "guarantee" "100% high yield" and other promises.
The judge suggested that if the elderly want to invest and manage money, they must communicate more with their children, and don't hide from them.
The most important thing is that you must be clear that "high returns must have high risks." Don't trust high-yield promises, let alone greedy small profits.