
IN THE KNOW

COMMON SCAMS TARGETING OLDER ADULTS & HOW TO AVOID THEM | PART 2
JULY 30, 2024 | FRAUD PREVENTION
A while ago, we examined the top 5 common scams targeting older adults. This month, we will explore the remaining 5 elder scams and how to avoid them. If you missed part 1, you can find it HERE. , in 2023, over 101,000 Americans aged 60 and above fell victim to fraud, with losses exceeding $3.4 billion. This represents an 11% increase in losses from 2022.Scammers craft their schemes to exploit vulnerabilities and manipulate emotions. By staying informed about common scams, you can arm yourself with the knowledge to recognize and avoid these deceptive tactics. Awareness is a powerful tool in the fight against fraud, helping you to identify red flags before falling prey to them.