WebApr 11, 2024 · Financial scams aimed at older adults have become a severe problem. According to the Federal Trade Commission, Americans lost over $1.9 billion to fraud in 2024, with older adults being the most vulnerable group. The National Council on Aging also reports that approximately 1 in 10 seniors have been financially abused. WebMany phone scams target seniors, but we finally have good news. One grandma who fell victim didn’t take it lying down. She got proactive and helped officials catch the thieves. …
Common Scams Targeting the Elderly and How to Avoid Them
WebJul 18, 2024 · Romance scams prey on seniors who feel isolated and are looking for companionship. These scams most often start online and heavily target women over 50. They usually take place on dating apps or social media. The scammer poses as a potential love interest and, over time, earns their victim’s trust. WebSep 13, 2024 · Scammers may also get seniors’ money by representing themselves as: IRS agents Investors Bank officials Family members One of the worst parts of a telemarketing … flair atom pen
Top 10 Scams Targeting Seniors - Experian
WebOct 7, 2024 · The FTC reported that the phone was the top fraud contact method reported by the elderly, with 16,000 reports. The second most common was online, with 10,000 reports. Older adults reported significantly higher losses and higher median individual losses ($1,500) on phone scams than younger consumers. WebAug 28, 2024 · Tony Lupo. Senior Medicare Patrol of Wisconsin says a third of their phone calls in 2024 have been about the scam. It says Medicare will only call members if the member calls Medicare first ... WebJan 4, 2024 · Funeral Scams. There are two types of funeral senior fraud. In one scenario, perpetrators read obituaries and use the information they get to contact the grieving widow or widower. When they get in touch with them, they claim that the deceased owed them a considerable amount of money, trying to extort that sum from the deceased’s family. flair automatic silver coffee machines