Thursday, August 29, 2013

How to Protect Your Elderly Parents From Being Scammed

From a young age, your parents taught you to be aware of stranger-danger. If you have elderly parents, you may have noticed the irony. Now you're telling your parents to be wary of people out to do them harm.

The national statistics on crimes affecting the elderly are sparse and outdated but instructive nonetheless. For instance, according to the National Institute of Justice website, a national 2007 study of more than 7,000 community residing elders estimated that 1 in 10 senior citizens reported experiencing at least one form of elder mistreatment in the past year. And the U.S. Senate Special Committee on Aging reported $40 billion in losses in telemarketing fraud—and that was back in 2000. Crime against senior citizens is so pervasive that over the years, elder crime units have cropped up throughout the country in police bureaus, aimed solely at protecting senior citizens.

It can be a challenge to even have a discussion with your parents about their susceptibility to crime and identity theft. Have the conversation too early, when your parents feel perfectly safe and relatively invulnerable, and they may justifiably be insulted that they're thought of as elderly and vulnerable. Bring up the topic in an artful way, and they may wonder if ... Read the entire article.


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