Financial fraud more costly for older adults

AARP BULLETIN | on Thu, Mar 16, 6:00 AM

Those were some key findings in the 2016 BBB Scam Tracker Annual Risk Report, which also calculated the top three scams by age range, based on data collected from more than 2,000 survey respondents as well as consumer reports to the BBB. Those 65 and older were most likely to be targeted for scams involving a relative who supposedly needed emergency cash. They were also most susceptible to scams involving fake lottery winnings and “free” vacations. Home improvement scams topped the list for t...

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