
Beware of These Two Scams Targeting Seniors | SB Elder Law
Approximately 20 percent of Americans over the age of 65 have been victimized by some form of financial abuse, with the average loss per victim exceeding $120,000. While financial abuse is sometimes perpetrated by family members or “friends,” it is often the result of organized online and telephone scams. According to a recent study by Wells Fargo, nearly half of all seniors report that they know someone who has fallen victim to a scam. If you are concerned about a family member falling for a financial scam, Santa Barbara Estate Planning and Elder Law can help you find resources to prevent this.