Tag Archives: prevention

Training the trusting generation: Scams on the elderly and how to prevent them

With 10,000 Baby Boomers turning 65 each day, the size of the elderly population is getting larger. Unfortunately, so is the number of elderly citizens who fall victim to scams targeting their age group.

Photo retrieved from the FBI website.

Elderly are scammed about $2.6 billion per year.|Photo retrieved from the FBI website.

Scammers often target the elderly because of their trusting nature. According to a survey by the Pew Research Center, as of 2012, Baby Boomers were the most trusting age group in America. This was decided based on their answer to the question, “Generally speaking, would you say that most people can be trusted or that you can’t be too careful in dealing with people?” Forty percent of Baby Boomers expressed beliefs of the former, while the same was only true for 19 percent of Millennials. Continue reading