Top 10 Scams Against the Elderly – Aging Wisely

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The consumer advocacy group graded 10 of the region’s largest banks on their accessibility and the types of products they tailor to seniors. It only included the top 10 banks. banking industry.

A challenge for senior citizens who embrace the computer age is knowing how to avoid online fraud. Although people of all ages are at risk, statistics show that when it comes to online safety, seniors.

After "retiring" from a 40-year career in advertising, Art spent several years as a consultant working with employers involving the aging work force and with seniors. and scams that target older.

Top 10 Scams Targeting Seniors Unfortunately, the elderly are prime targets for scams, so much so that scams that are focused on them are known as ‘the crime of the 21st century’. The reason behind this is mainly because fraudsters believe seniors have lots of money.

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Exclusive Florida Reverse Mortgage Leads. Live Phone Transfers. story continues borrowers living near the poverty line in pockets of Chicago, Baltimore, Miami, Detroit, Philadelphia and Jacksonville, Florida, are among the. according to the nation’s lead.

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.

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.

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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.

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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.