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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 ...
The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings. 1. Romance Scams ... Medicare Scam. Fraudsters know that anyone over the age of 65 in the U.S ...
Seniors' level of vulnerability to this type of exploitation varies by the type of scam. For example, the AARP found that lottery fraud victims were more likely to be women over 70 living alone, with lower education, lower income, and less financial literacy, while victims of investment fraud were more likely to be men between the ages of 55 ...
However, during the 2003 debate over the Medicare prescription drug benefit, the Alliance broke with AARP and publicly criticized AARP's leaders for being out of touch with seniors and caving in to financial incentives (AARP offers a number of health insurance products, some of which might have suffered had a more generous prescription drug ...
Unfortunately, there are a number of scammers who target elderly, retired people -- and these scams can get very costly. Such was the case with a recent scam that occurred in Peachtree City ...
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