Search Results for: scams

Senior scams are serious business: The average victim loses $120,000, which adds up to an estimated $3 billion in annual losses nationwide. It’s thus a wise investment for financial institutions to do all they can to stop the financial abuse of older persons. Many banks have now introduced software to…

Perhaps this is familiar: the phone rings and your elderly parent answers to hear the voice of a frightened teen.  Thinking it’s a grandchild calling in distress, they listen to instructions about wiring money to help in this crisis. Only it’s not a crisis- it’s a scam. The elderly are…

A recent survey conducted by AARP examined the fraud concerns of US adults aged 45+. Half of the respondents were extremely or very concerned about becoming the victim of fraud, and those in minority groups with a modest income and a high school diploma at best expressed even more concern…

New year, new scams. It seems that none of us can catch a break when it comes to staying alert and aware of potential fraud being committed against us or our loved ones. While scams from years past continue to plague older adults (for example, those romance scams targeting lonely…

As an agebuzz reader, you’re already one step ahead of many when it comes to being informed about scams and fraudulent practices being perpetrated against older adults. We’ve regularly updated you about the latest versions of scams, deception, and fraud that target older adults through email, websites, phone calls, social…

Judging from reader responses to last week’s post on a possible way to slow down aging, many of us would jump at the chance to stop the clock- or at least add more time to allow us to enjoy a longer life. Anti-aging “biohackers” are experimenting with ways to stay…