Top 10 Scams Against the Elderly – Aging Wisely

Top 10 Scams Against the Elderly – Aging Wisely

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National Institute on Aging (NIA) – Since 1974, the NIA — one of the 27 Institutes and Centers of the NIH — has been at the forefront of the Nation’s research activities dedicated to understanding the nature of aging, supporting the health and well-being of older adults, and.

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Top 10 Scams Targeting Seniors. As posted on www.ncoa.org. financial scams targeting seniors have become so prevalent that they’re now considered "the crime of the 21st century." Why? Because seniors are thought to have a significant amount of money sitting in their accounts.

Here are 10 common scams targeting elders that you should know about and share with your elderly loved ones. 1. Sweepstakes and lottery scams. In these types of scams, the elder is informed that they have won a lottery or sweepstakes and need to make some sort of payment to receive the prize.

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Brandy Bauer is Associate Director of NCOA’s Center for Benefits Access, where she educates both aging network professionals and consumers about Medicare and opportunities to improve seniors’ economic outlook, including through public benefits, community service employment, financial education, and using their home equity wisely.

Most commonly, counterfeit drug scams operate on the Internet, where seniors increasingly go to find better prices on specialized medications. This scam is growing in popularity-since 2000, the FDA has investigated an average of 20 such cases per year, up from five a year in the 1990s.

To take on this crime wave, the Tarrant County District Attorney’s office earlier this year established an elder financial fraud. 10 other local and state groups, ultimately decided to create the.

Those over the age of 65 are more likely to have lost money due to a financial scam than someone in their 40s. To help the elderly avoid becoming victims of fraud scams, it is important to understand why they are targets, what schemes and tactics are commonly used against them and how these schemes affect them.

By 2030, seniors are projected to account for one in six people globally. The aging process is most advanced in Europe. They may believe that they are better protected against malpractice lawsuits.

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