5 Dangerous Financial Scams That Target Seniors

Watch out! Retirement in USA presents: financial scams that target seniors! Sources from the FBI say that there are more and more financial scams that target seniors every year. In 2022, there were over 80,000 complaints from seniors regarding fraud and over $3 billion in losses. The numbers are huge, and the side effects are devastating. While these cyber crimes aren’t new, con artists seem to be very creative, and they always come up with new methods to cause damage. The reason why their main target is seniors is because they are thought to have a lot of money in their bank accounts. While plenty of financial scams go unreported and are sometimes considered low-risk crimes, they can leave people feeling vulnerable and hopeless when it comes to recovering their losses. We talked to experts regarding ways to protect against these financial scams that target seniors, so you won’t be tricked by fraud. If you want to learn how to protect yourself, your family, and your assets, keep reading!