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Those over the age of 65 are more likely to have lost money due to a financial scam than someone in their 40s. To help the elderly avoid becoming victims of fraud scams, it is important to understand why they are targets, what schemes and tactics are commonly used against them and how these schemes affect them.
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.
Top Scams Targeting Seniors – And How to Avoid Them. The United States Senate Special Committee on Aging recently issued its 2017 ranking of the top 10 scams targeting senior citizens, based on data collected through its Fraud Hotline from January 1, 2016 through December 31, 2016..
National Institute on Aging (NIA) – Since 1974, the NIA — one of the 27 Institutes and Centers of the NIH — has been at the forefront of the Nation’s research activities dedicated to understanding the nature of aging, supporting the health and well-being of older adults, and extending healthy, active years of life for more people.
Fraud Against Seniors The FBI’s Common Fraud Schemes webpage provides tips on how you can protect yourself and your family from fraud. Senior citizens especially should be aware of fraud schemes.
In this article, we will go over types of scams targeting senior citizens, what you can do about it and how to detect suspicious approaches before it hits you. And, please do share this article on your Facebook and with other colleagues so that everybody will be aware of the various types of fraud against seniors. Types of Scams Against Seniors
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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.