Senior citizens are at a
high risk of being targeted for financial abuse because they tend to have more
accumulated savings. Elder financial abuse typically involves some type of
money scam, forgery, identity theft, or coercion to give someone access to their
funds or information.
consider older adults to be an easy target because they may be perceived as more
trusting and less technologically savvy.
Sadly, financial exploitation of older adults may also be perpetrated by
relatives or people that they rely on for assistance, such as a caregiver or
In the latest FDIC Consumer News, there are tips that will help you to protect yourself and the seniors in your life. Get your free copy at FDIC.gov.
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