It’s estimated that senior citizens lose $2.9 billion annually in financial scams conducted over the phone, through the mail and online.
The U.S. Senate Special Committee on Aging is committed to protecting older Americans against fraud and bringing greater awareness of this widespread problem. More than 1,500 seniors contacted the committee’s fraud hotline in 2018, but only one in every 24 cases of elder financial abuse is reported.
Protect your loved ones from financial elder abuse by becoming familiar with the most common scams and learning what to do if you suspect foul play.