This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
These scams are draining the bank accounts of older Americans.
Fraudsters have a long history of targeting older folks, but the problem appears to be getting worse. The number of adults age 60 and older who reported losing six figures or more to fraud has tripled in a span of just three years, according to a recent Federal Trade Commission report to Congress. In 2023 alone, older adults lost more than $1.9 billion to fraud. However, the FTC says that the…
More from my site
Here’s What Happens When Streaming Services Increase Their Prices
4 Ways My Credit Card Saved Me Money on a Recent Trip
Mastercard Bans Cannabis Sales On Its Debit Cards
7 Ways Americans Are Using 401(k) Accounts More Wisely
Can I Deduct That Home Office Shed in My Backyard?
Bank of America to Pay $250 Million in Fines for ‘Double Dipping on Fees.’ Here’s How to Get Your Money Back
