As a generation who likely lived through the Great Depression and believed a “penny saved is a penny earned,” senior citizens have become popular target for criminals. Even in this economy, many older Americans own their own home, have a pension and/or retirement funds and a good credit rating. Because many elderly adults are also often lonely, are unfamiliar or uncomfortable with current technology and may be physically or mentally vulnerable, they are more likely to be victims of fraud, including identity theft as well as telemarketing, mail and medical fraud.
Luckily, there are numerous government, community and non-profit organizations to help you learn how to protect yourself and your family members from becoming a victim of these types of crimes, including the USAA Education Foundation and the FBI.
Continue reading PROTECT YOUR ELDERLY FAMILY MEMBERS FROM FRAUD