Today, if you are fortunate enough not to have been subject to a scam, or an attempted one, you may be in the minority, especially if you are over 50. Older Americans are among the most targeted group for fraud, and for multiple reasons: they tend to be more trusting, have sizable nest eggs, and have less technical knowledge.
And it's not who we may consider "elderly" - it is "cognitively intact, community-dwelling" older Americans. Let's face it, that is most of us, or our parents, or our family and friends.
There are a broad range of stats, and regardless of what they say, most are disturbing. In this article, we will take a look at the impact and trends, as well as the top 5 scams affecting older Americans.
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