Almost every day there is an article in the news about financial fraud. Much of it impacts seniors, like a recent scam involving fraudsters posing as social security representatives. However, we are all at risk, especially if we believe we are too young, too smart and too vigilant to fall for a scam. Sadly, the scam artists are very sophisticated and intelligent too, and are experts at separating people from their money.
That said, much of the financial fraud targets seniors, because our cognitive ability declines as we age and this reduces our ability to handle financial complexity and makes us vulnerable to abuse. Read more
