Signs for elderly financial abuse

Although anyone can be a victim of the many scams that criminals are carrying out now, data from the Federal Trade Commission shows that consumers age 80 and older are far more likely to be scammed by phone and lose the most money, a median of $1,250.  “Even if you do everything perfectly, you can still be susceptible to fraud,” Shameka Walker, a fraud and identity theft program manager at the FTC, told Kiplinger’s Retirement Report.  Most scammers are hacking in to find your email address and hawking you products that you may have been searching for.  Other popular scams are selling fake COVID-19 vaccines and PPE equipment to protect against the virus. Seniors living in Carmel, Pacific Grove and Pebble Beach are particularly vulnerable as these crooks target high-income areas.

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