The Top 8 Financial Scams Targeting Aging Adults to Watch Out …

Jan 1, 2023 · Year after year, the senior population is a continuous target for financial scammers. In fact, the 2022 Elder Fraud Report reports an over 74% increase from 2020, with around 2.6 …

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The Top 8 Financial Scams Targeting Aging Adults To Watch Out …

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Jan 1, 2023 · Year after year, the senior population is a continuous target for financial scammers. In fact, the 2022 Elder Fraud Report reports an over 74% increase from 2020, with around 2.6 …

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FAQs about The Top 8 Financial Scams Targeting Aging Adults to Watch Out … Coupon?

What are the most common financial scams targeting older people?

The most common financial scams targeting older people include government impersonation scams, sweepstakes scams, and robocall scams. Financial crimes against older adults can be devastating, often leaving people with no way to recoup their losses. Learn how to identify and stop the top 5 financial scams targeting seniors. ...

Is the senior population a target for financial scams?

Year after year, the senior population is a continuous target for financial scammers. In fact, the 2022 Elder Fraud Report reports an over 74% increase from 2020, with around 2.6 million victims over 60 reporting losses of $1.7 billion. These financial scams include romance, lottery, and sweepstakes scams. ...

Are scams targeting older adults on the rise?

Scams targeting older adults are on the rise. In 2022, there were 88,262 complaints of fraud resulting in $3.1 billion in losses from people age 60+. The most common financial scams targeting older people include government impersonation scams, sweepstakes scams, and robocall scams. ...

Are financial scams dangerous to older adults?

Financial scams often go unreported or can be tough to prosecute, so they’re viewed as a “low-risk” crime. However, they're devastating to many older adults and can leave them in a vulnerable position, with limited ability to recover their losses. How common are financial scams targeting older adults? ...

What are the most common scams targeting seniors?

Common scams targeting seniors include AI-powered scams, funeral scams, tech support scams, government imposter scams, grandparent scams, internet scams, investment scams, check fraud, reverse mortgage scams, caregiver scams and sweepstakes scams. ...

What are the most common scams affecting older adults in 2023?

Tech support scams, along with government imposter scams, were the top fraud categories affecting older adults in 2023, accounting for $1.3 billion in losses according to IC3. 2 These scams usually involve unsolicited offers to fix a “problem” with your computer or software. ...