How to protect yourself from fraud & scams?
Unfortunately, seniors are more vulnerable to becoming scam or fraud victims. SInce Covid-19, they have been targeted with additional scams. Seniors are often selected because they usually have good credit, own a home or condo, have savings, and are trusting. They also are selected because of age-related weaknesses such as: Loneliness & Isolation Depression Poor financial situation Being financially insecure and looking for good fortune Insecurities related to health, cognitive or social status Age-related brain changes/cognitive changes & general health decline affect memory in many ways. A senior might not remember or recognize their family and or not be aware of their financial status due to Dementia and or Alzheimer’s. Adult children can be of help to seniors who don't suffer from cognitive decline by expressing their concern. This way is more effective than educating a parent about fraud & scams. Seniors deserve respect and don't wan...