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Beware of These Financial Scams Targeting Older Adults

Be vigilant about these latest financial scams targeting older adults.

Older adults are a prime target for financial scammers, for several reasons. Scammers make the assumptions that older adults have built up significant savings, that they are lonely and will welcome a conversation with someone who wants to talk with them, and that they may not be savvy enough to detect the scam. As a result, older adults lose more than $3 billion annually to financial scams. And sadly, many of these crimes are committed by a trusted family member of the victim. It’s importan...

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