Elder financial abuse is becoming an epidemic, and the problem is only going to get worse as the elderly population continues to grow. This article discusses some ways to combat the scourge of con artists taking advantage of senior citizens. It is important to protect personal information like Social Security or Medicare numbers, and seniors should not give this information out over the phone unless they initiated the phone call. It is also important to read the fine print of anything ordered online, and to be wary of pushy marketers. People should also use the caller ID feature on their phone and avoid answering phone calls from unknown numbers. These are just some of the pieces of advice that this article offers to help senior citizens avoid elder financial abuse.
See John Wasik, How To Beat The Elder Financial Abuse Epidemic, Forbes, May 4, 2016.
