Today’s senior citizens were raised to be polite and trustworthy. Many of them have worked most of their lives, have a home that’s paid off and money in their savings accounts. A lot of older people also pride themselves on having excellent credit.
But for all these admirable qualities, senior citizens are also a prime target for exploitation. It’s estimated that one in every five people ages 65 and older have been victims of financial exploitation, according to Richard J. Heitstuman of Montana AAA Legal Services, a nonprofit that aims to serve justice for senior citizens. Con artists have a range of tactics to gain their victims’ trust and persuade seniors to give them money. Common scams include lottery and sweepstakes, home repair and traveling con men, as well as cold calls of all kinds. (Continue reading article here..)