Family Care Givers » Education

2 weeks ago

1/12/21 Tuesday Tip: According to the National Council on Aging (NCOA), financial scams targeting seniors have become so prevalent that they’re now considered “the crime of the 21st century.” Why? Because seniors are thought to have a significant amount of money sitting in their accounts.
Financial scams also often go unreported or can be difficult to prosecute, so they’re considered a “low-risk” crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses.
It’s not just wealthy seniors who are targeted. Low-income older adults are also at risk of financial abuse. And it’s not always strangers who perpetrate these crimes. Over 90% of all reported elder abuse is committed by an older person’s own family members, most often their adult children, followed by grandchildren, nieces and nephews, and others.
Visit the NCOA to see the top 10 financial scams targeting seniors. And join us this week for our discussion on Senior Fraud Protection with a consumer fraud investigator. www.ncoa.org/economic-security/money-management/scams-security/top-10-scams-targeting-seniors/ ... See MoreSee Less

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