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Don’t Get Fooled Again: How to Avoid Scams that Target Seniors

Woman being scammed over phone

It’s a sad fact of life: senior citizens are among the most popular victims of the world’s scam artists.

According to the FBI, this is for a few different reasons.

  • Senior citizens are more likely to own their homes, have money tucked away and have an excellent credit score.
  • Seniors are more interested than younger people in products that can make them healthy. After a lifetime of seeing different diseases cured or eradicated, it doesn’t seem that far-fetched that a con man’s miracle drug can do what’s promised.
  • Older people don’t always make great witnesses. Their memories can be shaky, and they might be reluctant to report fraud because they worry their families will think they can’t be trusted to manage their finances.

If you have elderly parents, it’s important to keep an eye out for some of the most common scams that target seniors.

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