Senior financial scams are fraudulent schemes that specifically target older adults, often exploiting their trust and vulnerabilities to steal money or sensitive information.

Senior financial scams can have devastating consequences, including financial loss, emotional distress, and a loss of trust in others. They can also impact the victim’s ability to cover basic necessities and jeopardize their financial security.

Common types of senior financial scams include phone scams, email scams, investment scams, lottery scams, and romance scams. These scams often involve convincing older adults to provide personal information or money under false pretenses.

Older adults can protect themselves from financial scams by being cautious of unsolicited communication, verifying the identity of individuals or organizations before sharing personal information or money, and seeking advice from trusted family members or financial professionals.