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Seniors are an attractive target because some scams apply mainly to them, or because they’re more trusting or more prosperous. In this issue, we identify 10 of the most common senior citizen scams, together with the actions you can take to avoid them.
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According to the National Council on Aging (NCOA), here are the top 10 financial scams that are wreaking havoc in the lives of seniors. top 10 financial scams targeting seniors 1.
7. Help Scams This is a scam that often confuses the elderly, as it causes them to panic and act without calmly considering the situation. A scam artist calls up the unsuspecting target, and with some basic information convinces the senior that he or she is a grandchild in a dire situation.
health & fitness Scammers Targeting Elderly In Illinois: Top Scams To Watch For Con artists are targeting aging residents across America with scare tactics in a multi-million-dollar fraud industry.
Most Americans find fraud and other crimes against the elderly morally repugnant, but their concern hasn’t been matched by the financial and investigative resources needed to combat the problem
Don’t be a victim of scams, fraud and identity theft! Learn the basics to protect yourself and your information. Aging Wisely is a program that explores ways to help seniors be safe and.
Top 10 Scams Targeting Seniors. As posted on www.ncoa.org. 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.
Mary Alexander from Home Instead Senior Care discusses the eight most common financial scams against seniors. Topics covered are: health care or health insurance fraud, counterfeit prescription.
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.
The National Council on Aging notes: "Because many seniors find themselves planning for retirement and managing their savings once they finish working, a number of investment schemes have been targeted at seniors looking to safeguard their cash for their later years.". Top 10 senior scams.