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Tag: scams

The Dark Side of Growing Old: Elder Financial Abuse

Posted on September 22, 2023September 22, 2023 by DT

In today’s rapidly aging society, the elderly face a myriad of challenges. From health concerns to adapting to new technologies, the golden years can sometimes feel less than golden. Among these challenges,…

Retirement Scams to Avoid

Posted on August 25, 2022November 8, 2022 by DT

Scams are on the rise, and they are becoming more and more sophisticated. A 38% increase in fraud losses was reported by people in 2018, according to the Federal Trade Commission, which collected 1.4 million fraud reports. The younger generation lost money to fraud more often than the older generation, with 43% of respondents in their 20s confessing to losing money to scams. Only 15% of those in their 70s reported losing money, and older people lost more. Those in their 70s reported a median loss of $751; those in their 20s reported a median loss of $400.

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