Tips for older Americans to protect themselves against financial scams
( StatePoint ) Scammers are getting better at what they do all the time . According to the Data Book , Americans reported losing $ 10 billion to scams in 2023 , a full $ 1 billion more than in 2022 . While anyone can be a victim , elderly people are often targeted , as they are presumed to have more savings .
According to CERTIFIED FINANCIAL PLANNER ® professionals , you can help safeguard your financial future with these tips :
Slow Down
From romance scams to debt and IRS scams , many scammers use emotional appeals to scare or charm their victims into giving up personal information or their money . Before acting , take a deep breath and speak to a trusted friend or relative who may be able to help you spot a potential scam . Remember that the IRS initiates contact only through the U . S . mail , not via email , text or social media .
You can also do a bit of investigative work yourself . For example , if you receive an email claiming to be your bank or another institution asking you
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