Don’t get scammed!

Billions of dollars are being made each year by dishonest people who scam others and prey on older adults according to estimates by the National Council on Aging. Yes, it is a shame, but the good news is that the Federal Trade Commission (FTC), who works to protect consumers from unfair practices in the market place, noted last year that older consumers are more likely to report financial scams when they’ve been cheated on than the younger generations. The baby boomers are aging and living longer so the FTC has made it a priority to protect older adults; public awareness and education is part of the plan. What are some of the types of scams that all consumers should watch out for and report?

Identity Theft, Imposter Scams, Charity Fraud, Health Care and Home Improvement Scams, Paying Too Much, and Prizes- “You’ve Won” Scams top the list. BEWARE! These are popular scams that can steal your hard earned cash. You or someone you know may have been easily taken by one of these scams. Most people don’t care to talk about how painfully embarrassing it may have been. Sharing what you know or have experienced with friends and family helps protect them and creates a culture of health where knowing and sharing information helps keep each other safe.

There are guidelines everyone can follow to protect themselves from such scams. They are cheap and easy to follow.

 

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