Preventative Measures of Scam for the Elderly
Image source: pexels.com Before the universal occurrence of online scams, senior citizens had already been victims of other con tricks via phone calls or face-to-face. It is highly unjust for the elderly to lose their entire life savings and hard-earned assets due to fraud. The cost of loss each year for senior citizens alone reaches up to $328 million. Con artists target the elderly regardless of their economic status –the scam problem spans all income levels . This being said, scammers do not exempt the elderly population with average savings to be one of their victims. There are many considerations to watch out for involving financial abuse. They often come in many forms –some are easier to spot, while others are more difficult. The good news is: there are many preventive ways to combat scams that target the elderly. Let’s explore them below to support our older relatives in making sound decisio...