Financial scams target senior citizens

Senior citizens are often the targets of financial scams for several reasons.  Seniors typically have some type of retirement money or savings account built up and they usually own their home and other assets.  They are less likely to report the fraud because they are unfamiliar the system or do not even realize they have been scammed.  Con artists often use products or services that appeal to senior citizens such as products that will make them healthier or more secure physically as well as financially.

For more information and a list of the recent financial scams read, “PERSONAL FINANCE: Seniors should be on high alert for scams.”