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Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found. And not surprisingly, there has also been a tide of ...
Unfortunately, these reverse-mortgage scams do nothing of the sort; their goal is actually to steal the equity of the property entirely, leaving senior citizens potentially destitute. 10. Fake ...
Cryptocurrency is a popular scam right now since many seniors know so little about it. If you are offered an investment on the phone, turn it down and do your own research. Dan Shick/Wikimedia Commons
Read below for the 15 most common financial scams — and how to avoid falling prey to them. ... A senior will get a phone call from someone pretending to be a relative, often a child or ...
Think Scammers Only Target Seniors? 4 Money Scams Gen Z Needs To Look Out For. Cynthia Measom. April 2, 2024 at 3:00 PM. B4LLS / Getty Images/iStockphoto.
In 2023, 16,806 Americans aged 60 and older reported falling victim to scams, losing a staggering $1.6 billion. The common thread? Cryptocurrencies. ... Common scams include fake initial coin ...
Maximult/Shutterstock Seniors are among the most common victims of con artists. According to New York State AARP Director Beth Finkel, older Americans had $2.9 billion stolen from them in the most ...