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…
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