Top 10 Scams Against the Elderly – Aging Wisely

Top 10 Scams Against the Elderly – Aging Wisely

Beware Of These 10 Common Senior Scam Tricks. Senior scam victims in the United States hand over at least $2.6 billion to crooks every year, according to recent newspaper reports, with as many as one in every five seniors losing money.

The Federal Trade Commission (FTC) today announced a huge crackdown of the type of travel and timeshare resale scams I wrote about in December, when they showed up for the first time in the Top 10.

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Brandy Bauer is Associate Director of NCOA’s Center for Benefits Access, where she educates both aging network professionals and consumers about Medicare and opportunities to improve seniors’ economic outlook, including through public benefits, community service employment, financial education, and using their home equity wisely.

The nation’s unemployment has dropped to 7.3 percent from its peak of 10 percent in late 2009. Others point to high-profile cases of fraud in the program, including a federal indictment in.

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Texas Department of Aging and Disability Services Commissioner. a last line of defense for the elderly, because Texas in 2003 sharply limited personal-injury lawsuits against nursing homes..

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Top 10 Financial Scams Targeting Seniors. Because seniors are thought to have a significant amount of money sitting in their accounts. Financial scams also often go unreported or can be difficult to prosecute, so they’re considered a "low-risk" crime. However, they’re devastating to many older adults and can leave them in a very vulnerable position with little time to recoup their losses.

The United States Senate Special Committee on Aging recently released its 2019 fraud book, which warns seniors about the top 10 scams targeting elderly americans. During 2018, the committee says.

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 · Even with that fresh federal law to help protect seniors, experts say there is still not sufficient rigorous research on what strategies work best to inoculate people from potential fraud. This at a time when the population is aging: the number of people.

A U.S. Senate Special Committee on Aging report details the top 10 scams that target the elderly.Here’s the list, as well as the top 5 for Pennsylvania. The committee, chaired by Sen. Susan Collins (R-Maine) also led by ranking member sen. Bob Casey (D-Pa.), recently released the informational document warning against the potential cons going after America’s seniors.

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