Financial perspective on modern life in America from a military spouse's perspective Disclaimer: This web site page is the opinion of the person writing it, and any financial decisions made as a result does not make the writer liable for any action taken. Please consult your personal financial advisor for more information.
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Monday, March 5, 2012
Elderly Targeted for Fraud
A recent article in the local newspaper heightened my understanding that as the Baby Boom generation enters their retirement years, it's becoming more evident of fraudulent activity. First of all, shame on the person taking advantage of an elderly person who has lived their life and is now dependant upon people for care as well as health matters. These thieves are crafty in their tactics of intimidating the elderly whereby faking a call from the Social Security office or IRS. One family received phone calls from a nurse at the nursing home where a relative was under their care....needless to say, this person was fired and no doubt served some jail time. Whatever the reason for the contact, it is important to be vigilent. For some elderly, they screen their calls through the answering machine. For others, they demand a letter in writing. For many, they may have e-mail but are not likely to use it much. One elderly person's e-mail address was stolen and used fraudulently for moneymaking purposes. Luckily the telecommunicaitons company addressed the situation before it got out of hand. In this modern era of smartphones, electronic items and texting, it is important to be kind to the elderly, facilitate the details when it comes to financial matters, and to look out for their financial well-being as well as overall well-being.
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