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Scams on the Elderly: Can we do anything about it? Scam artists have always preyed on the gullible, but in recent years, much of the focus of these thieves has been on the elderly. It is quite a well known fact that the elderly possess the greatest percentage of disposable income with the least amount of debt. Old people with money. Scam artists prey upon these people with unrelenting deception. It is not a problem that will just go away. The problem must be analyzed and only then can we learn what to do. First we must analyze the different "red flags" which identify certain members of the elderly as targets for scams. First off, these older consumers are often living alone, with no one else to watch their finances for them. Being alone, they are often very appreciative and receptive of guests, especially those who pay a visit even to sell them something which will be of benefit to them or their homes. They are also very receptive to anything promising assistance to their health conditions or home repair requirements. Scam artists also look at demographic numbers to choose their elderly targets. According to Jeanne Mackin, an author for a consumer watch organization, 80 % of people age 65 and over have at least one major health problem of some sort and spend a great deal of their monthly budget on health care.
Approximate Word count = 785
Approximate Pages = 3.1
(250 words per page double spaced)
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