Q. The senior demographic remains the target for fraud and scam activity. How would you advise seniors to avoid scams?
A. You are correct; telemarketing scams, “anti-aging” product scams, prescription drug scams, and health insurance scams, are some of the ways that fraudsters target the elderly. The scams are numerous and growing by the day.
In turn, the Better Business Bureau reminds consumers to be on the lookout for scammers trying to take advantage and drain bank accounts of senior citizens. If you are an older individual or have a relative or friend who is, please review the following BBB tips on how to identify and avoid crooks trying to victimize senior citizens’:
1) First, why seniors are targeted: The elderly often have these attributes that make them attractive to scammers, according to the FBI:
They are more likely to have a “nest egg,” own their homes and have good credit.