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Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings. 1. Romance Scams. Flattery has no expiration date, and many a lonely or bereaved senior has found ...
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 ...
In 2023, 16,806 Americans aged 60 and older contacted the Internet Crime Complaint Center to report they had fallen victim to scams. The total loss? A staggering $1,648,455,748. Sadly, all of ...
Asking for Money. This scam is big on WhatsApp. You’ll receive a text that appears to be from your child or grandchild: “Hey Gran, it’s me. I lost my phone and am using a friend’s.”. It ...
Learn More: 6 Genius Things All Wealthy People Do With Their Money Here are four scams Gen Zers should be aware of to avoid becoming hapless victims . Why Are Gen Zers Being Targeted by Scammers?
Older people are disproportionately targeted by fraudulent telemarketers and make up 80% of victims affected by telemarketing scams alone. Older people may be targeted more because the scammer assumes they may be more trusting, too polite to hang up, or have a nest egg. [3] Many older people have money to invest and are in need of profit.
Among the largest targets for this type of fraud are elderly people and people with language barriers. [4] Experts warn people to watch for callers that are aggressive and threaten to shut off utility services within a short period of time, and who often demand payment via a pre-paid credit card. [4]
This summer, Daniel Goldstein’s 86-year-old mom got an email that looked like it was from her bank. Instead, she lost $600 to a scammer. While everyone wants to protect their parents and ...