Top Senior Scams and How to Avoid Them
Dear Savvy Senior, My adult kids keep warning me about scams, but it’s hard to know which calls and messages are dangerous. What scams are most commonly aimed at seniors right now? --Almost 80 Dear Almost, Your kids’ concerns are well founded. Financial fraud is a massive – and rapidly growing – problem for older Americans. In 2024 alone, scams cost older adults an estimated $81.5 billion, according to the Federal Trade Commission. That staggering figure includes both reported losses and the many crimes that likely go unreported. While many scams today target people of ...