Ways to Protect Your Elderly Parents From Being Scammed It is important to be aware of the most common scams listed above to help your aging loved one avoid victimization. Caregivers and families can take the following steps to identify any red flags in their seniors’ lives:
Some senior scams actually affect all sections of the population but others are directly targeted at the older age group, and we start with this category in our rundown of 10 of the most common senior scamCitizen Scams. 1.
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.
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.
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Top 10 Scams Targeting seniors uf/ifas extension page 2 The top 10 scams targeting seniors include (ncoa, 2013): 1. Health Care/Medicare/Health insurance fraud 2. counterfeit Prescription Drugs 3. Funeral & Cemetery Scams 4. Fraudulent Anti-Aging Products 5. Telemarketing If it sounds too good to be true, it probably is 6.
they lived in Texas and saved 10 percent of every paycheck. Thanks to well-timed equity and property investments, the 81-year-old now lives a much different life than the elderly he knew as a child.
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.
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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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