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Senior woman using mobile phone and credit card in a coffee shop. Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson ...
Seniors tend to own their homes and have strong credit and ample savings, according to the FBI. They're also less likely to report fraud and tend to be less familiar with technology. Consequently ...
Lee said that, according to Sift’s just-released first quarter Digital Trust & Safety Index, 33% of Gen Z consumers in the U.S. know someone who has participated, or have personally participated ...
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 ...
But money scams that target older and retired Americans take place frequently as well. The FTC reported 200,216 report of fraud against seniors in 2022 . The SSA recently shared some telltale ...
National Fraud Against Senior Citizens Awareness Week In a hearing before the Senate Permanent Subcommittee on Investigations in June 2001, USPIS representatives and the Pittsburgh Senior Action Coalition discussed the idea of having the Inspection Service and the Coalition initiate a national campaign with other agencies to raise the awareness ...
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