Millions of Americans fall prey to scams each year, but if you are age 60 or older, you may be a special target. According to the U.S. Department of Justice, scams targeting seniors have become more common, and older Americans have lost millions of dollars.
Why Seniors Are Popular Targets
- Older adults are most likely to have a “nest egg,” to own their home, and/or to have excellent credit.
- Seniors are less likely to report a fraud scheme because they don’t know who to report it to or they don’t realize they have been scammed.
- Silents and baby boomers — people who grew up in the late 1920s to mid-1960s — were generally raised to be loyal, polite and trusting.
How to Help Protect Yourself
It’s important to spread awareness about scammers that specifically go after senior citizens. Make sure you’re aware of identity theft risk. Then check out this infographic about the three most common types scams and six tips for how you can help protect yourself.