Each year, millions of older Americans fall victim to some type of financial fraud. According to a report from the Federal Trade Commission, older adults were scammed out of more than $1 billion last year – losing an average of $32,200.
“Seniors who live alone, have memory issues or don’t understand technology are especially vulnerable,” said Sierra Goetz, co-founder and operations manager at Tudor Oaks Home Care’s partner, the HomeCare Advocacy Network (HCAN). “Unfortunately, the holiday season provides many opportunities for scammers to prey on older people – turning what’s supposed to be the most joyous time of the year into a nightmare.” Continue reading Protecting Your Senior from Holiday Scams