In 2022, the Federal Bureau of Investigation (FBI) reported a total loss of $3.1 billion to scams for adults over 60. Unfortunately, the holidays are the perfect opportunity for scammers to take advantage of seniors prone to charitable giving. Scammers will ask seniors for donations via email, text, phone, social media, or mail. They may even claim donations were made to the charity in the past.
How to Help Seniors Recognize and Defend Against Scams and Elder Fraud
In 2022, 88,262 people over 60 fell victim to elder fraud, according to the Federal Bureau of Investigation (FBI). Of those victims, individuals lost an average of $35,101, and 5,456 lost more than $100k. These losses are an 84% increase from 2021. It’s clear that scammers aren’t slowing down, and seniors need to stay in the know to defend against them, especially during the holiday season...