Top 10 Scams Against the Elderly – Aging Wisely

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Top 10 Scams Targeting Seniors Unfortunately, the elderly are prime targets for scams, so much so that scams that are focused on them are known as the crime of the 21st century’. The reason behind this is mainly because fraudsters believe seniors have lots of money.

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Aging Wisely elder abuse | Aging Wisely Top 10 Scams Against the Elderly Unfortunately, scammers often target seniors because they tend to have significant savings and generally are less "risk" because of hesitancy to report and difficulties with prosecution (though states are working to change that).

Beware Of These 10 Common Senior Scam Tricks. Senior scam victims in the United States hand over at least $2.6 billion to crooks every year, according to recent newspaper reports, with as many as one in every five seniors losing money.

10 financial scams targeting seniors and how to avoid them. Council on Aging (NCOA), here are the top 10 financial scams that are wreaking havoc in the lives of seniors. Top 10 financial scams.

If you’re a senior citizen reading this, it’s time to hone your skepticism skills and boost your defenses against. elderly tend to be particularly susceptible. Research on the human brain and aging.

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So in response and to raise awareness, we have identified the top 10 scams that plague senior citizens in retirement, along with examples for each. Top 10 scams targeting seniors Scam #1: Ponzi/Pyramid Schemes. In Birmingham, Alabama, a gentleman offered free tax work to a church whose members were largely 60 years and older.

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Ways to Protect Your Elderly Parents From Being Scammed It is important to be aware of the most common scams listed above to help your aging loved one avoid victimization. Caregivers and families can take the following steps to identify any red flags in their seniors’ lives:

That means that seniors, with a median household net worth of $170,500, will be more vulnerable to financial exploitation, whether it’s a scam. top item on its congressional agenda. She said it’s.

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