There are about 5 million cases of financial exploitation of the elderly in the U.S. each year. The financial loss by victims is more than
$2.9 billionannually for reported cases;
and only 1 in 24 cases is reported.
Seniors 55+ average one scam-type letter and two telemarketing phone calls per week. Considering the growing numbers of elderly and the growing number of scams, the potential for abuse is staggering.
Knowledge is power! Stay informed to help prevent fraud and financial troubles. The following are news articles and resources with useful information:
Is a Zero-Interest Charge Card Too Good to Be True?
Savvy Online Shopping: How to Find a Reputable Online Merchant. Details