Fraud, Investments, and Our Elder Parents

Check out “Why Older People are Vulnerable to Fraud & How to Protect Them, a February 2017 New York Times article that describes the ways older adults are susceptible to fraudulent phone calls and offers, especially when it concerns investments. It also  makes suggestions about what people who get entangled in these offers can do. The report shares a study conducted by AARP.

Just about everyone receives telephone calls asking them to use their money to do something. The trick as one ages, I believe, is to avoid making any initial decision over the telephone and to be fairly abrupt or rude  — or just hang up — when answering the phone and discovering that a caller is attempting to sell something. The problem is, most of the elders in my life would never think of being rude — it is not a part of their personal DNA.

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