Some may think that senior citizens have few resources but the opposite can be true. American elderly grew up in an era of frugality so many have excellent credit, cash fat savings accounts, stock portfolios and own their home. t
Which, says Javier Salazar of the San Antonio office of the Better Business Bureau makes them juicy pickings for thieves.
Some cautionary tales include the practice of seniors buying cheap medicines online.
But Salazar says thieves operating websites may send fake pills, the wrong ones or none at all. "They may be ineffective or harmful drugs and at the same time, they may also pursue that seniors' personal information," he says.
Scammers may also target seniors who may consider selling their home to move into a retirement community.
'Scammers like to take advantage of the fact that many seniors own their home and will send fraudulent letters on behalf of the county assessor's office offering the homeowners a reassessment of their property for a fee."
He suggests that seniors check with their children for anything that sounds to good to be true ...
especially deals online. Though many use the internet, middle aged adults or grandchildren are generally more internet savvy.
High pressure sales tactics are another red flag.