Boomers are getting scammed for billions online — here’s how to break the cycle
Date: July 23, 2025
The article discusses the growing issue of financial scams targeting the elderly, resulting in significant monetary losses. Elderly individuals are often targeted due to factors like isolation, cognitive decline, and unfamiliarity with technology. These scams can take various forms, including phishing emails, phone scams, and fraudulent investment schemes. The financial impact is severe, with many losing their savings and financial security. The article emphasizes the importance of educating seniors and their families about potential scams and implementing stronger protective measures. It also calls for better regulatory actions and community support to safeguard the elderly from such financial exploitation....
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