Tips to ward off scams, especially for the elderly
June 4, 2020
Even before the onset of COVID-19, scams and fraud ran rampant in many parts of society. More often than not, many of these cases involve older adults. In fact, older adults lose billions of dollars each year because of scams or fraud.
“Given their age-associated vulnerabilities, older adults are prime targets for many scams,” said Dorothy Brandon, an Alabama Extension consumer sciences and personal financial management specialist.
While some cases are committed by professionals or strangers, an overwhelming number of them dealing with older adults are committed by someone familiar to t...