Fraud continues to impact people of every age, yet those over the age of 60 report more financial loss than any other portion of the population. Elders between the ages of 60-65 report an average loss of $500 per successful fraud attempt. That number increases right along with age. Those 80 and older lose an average of $1500 per fraudulent attack.
If you are a member of our elderly population—or if you have a loved one who is—be aware of the following common scams. Each one affects seniors 60+ at a higher rate than any other age group. Once you know how the scam works, you’ll be far less likely to fall victim to it.