Coronavirus (COVID-19)Finance

AARP Spike in Fraud: What Should You Look Out For?

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Senior citizens have been favorite targets of fraudulent schemes. Diminished memory and analytical skills combine with isolation from family members or others experienced in many matters to place them at risk. As a result of the ongoing Coronavirus pandemic and the heightened risk to seniors, the isolation has enhanced. These seniors must heavily rely on technology or phone systems for communication and information. With all of these factors, it is not surprising that the AARP reports upticks in the number of reports of fraudulent schemes.

Below are some scams seniors have faced — both before the pandemic and since it started — and how you can spot them.

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