According to the FBI, Over 92,000 victims over the age of 60 reported $1.7 billion in losses in 2021. In addition, it is predicted that the number of Americans aged 65 and older will nearly double from 52 million in 2018 to 95 million by 2060. As a result, their share of the total population will rise from 16 percent to 23 percent during that period. Elder fraud is likely to become more prevalent as the elderly population grows,…
It's a sad fact that seniors are particularly vulnerable to scammers and fraud. Sometimes they're not tech-savvy and may struggle with hearing, sight, or memory changes. Scammers take advantage of these deficits, but everyone is vulnerable. However, with some knowledge and a little help, everyone can stay safe from fraud. Disclosure: This post may contain affiliate links, which means we may receive a commission if you click a link and purchase something we have recommended. This commission comes at…
As a daily money manager, January and February are dedicated to gathering and organizing tax documents for my clients. So, if you're helping a senior in your life prep for tax season, here's what you need to know. Watch the Mail for Tax Documents During January and February, important tax-related documents will arrive in the mail. While you may be able to set mail aside to deal with later during most of the year, the first two months of…
If you're helping seniors with mail management, you're in the right place. Managing mail can become overwhelming for older adults when catalogs, bills, and solicitations pile up daily. While you can't eliminate every piece that arrives, you can cut back quite a bit and create a system that works. Set Up a Mail Management System You can't be there to go through the mail every day, so set up a system they can use independently. Create clear categories for…
Currently, about 53 million Americans work as family caregivers. This is usually an unpaid role on top of a career, family, and other responsibilities. Unfortunately, the stress and work of being a family caregiver often lead to caregiver burnout. According to a 2020 report from the National Caregiving Alliance and AARP: 21% of caregivers reported their own health as fair or poor 40% feel their situation is high-intensity 24% are providing care for two more individuals 31% struggle with…