Information on the number of privately sponsored discount cards for seniors that were certified by the Health and Human Services Department's Centers for Medicare and Medicaid Services; Factors that make seniors easy victims of scam ...
This dismissal of "grandparent scams" and other financial crimes against seniors is one reason why seniors are reluctant to report these crimes. It's also one reason why there are very few Elder Abuse Units in the country, despite the fact that there are more elder abuse cases than many ot...
Inflation Reduction Act could be "game-changing" for millions of U.S. seniors Is retirement achievable? Investors say they'll need at least $3 million. According to the Federal Trade Commission, consumers age 60 and older filed 467,340 fraud reports in 2021, reporting total losses of more t...
17. Protect your parents and elders from seniors scams Unfortunately, identity thieves frequently target the elderly. According to the FBI, Americans over the age of 60 lost $1.7 billion to fraud last year — the highest amount lost of any age group [*]. ...
The financial impact is staggering, but the emotional toll on seniors is equally concerning. Many seniors feel a profound sense of violation and distress when they fall victim to these scams. Additionally, the recovery process from identity theft can be particularly challenging for seniors, who may...
It has recently been reported that scams have increased by 65% since the COVID crisis began. As usual, many of the scams have been targeting seniors. One new scam involve an e mail that says Congress has passed a law that gives seniors $800 per week in additional benefits. All you need...
Make it about habits, not threats.While it may be valuable to discuss a few common scams aimed at seniors, the reality is that the threats are always changing. Focus instead on behaviors. It’s easy to forget specific technical advice, but here are five habits worth adopting: ...
different variations of Medicare fraud, but what's most important is that you or your elderly loved ones know the different types of scams and how to protect yourselves. This is true for all phone scams like thegrandparent phone scamandJamaican lottery phone scam, which also target seniors. ...
Help seniors understand what phishing looks like. Go over common scams, red flags, and what to do if they receive a phishing email. Other ways to stay safe Remove yourself from data broker sites. Data brokers publish and sell your personal data, including personally identifiable information (PII...
How Can Seniors Avoid Scams? The best way for older people to avoid scams is to never immediately trust anything at face value. They should resist any efforts from a potential scammer to make them decide something right away. Criminals frequently concoct distressing scenarios, trying to convince ...