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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 ...
As Newsweek reported this week, the latest scam targeting seniors involves Biden and Snoop Dogg partnering up to promote a $6,400 “spending card subsidy” for Social Security recipients ...
Elder financial scams are skyrocketing, with suspected fraud against seniors up nearly 50 percent in 2023, according to Thomson Reuters data (and 2022 was already a record year, up 50 percent from ...
Here are four of the most common Social Security scams to be aware of: You Owe Money That Is Due Immediately. Prompt: Scammer tells you that you owe money for some sort of penalty or benefit ...
4. Gone Phishing. Seniors did not grow up with email, so some are still unaware that if a message comes into the inbox from the IRS, Social Security Administration, Medicare or the bank, it's ...
Elder financial abuse is a type of elder abuse in which misappropriation of financial resources or abusive use of financial control, in the context of a relationship where there is an expectation of trust, causes harm to an older person. The Older Americans Act of 2006 defines elder financial abuse, or financial exploitation, as “the ...
Find Out: Top Money Moves for Boomers, Gen X, Millennials and Gen Z. Remote Job Scams Gen Zers Fall For the Most. Here are two remote job scams that target Gen Zers, according to Durst. Shipping Scams
Consequently, they are a favorite target for fraudsters. Seniors lose more money by far to scams than any other demographic, with the median loss totaling $350, the Better Business Bureau found ...
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