- Posted June 15, 2014 by
San Diego, California
Seniors Endangered by Scams and Falls
Seniors are living well into their 80’s and 90’s therefore there is a heightened focus to this age group due to living alone, memory loss, wealth, information and insecurity. Also, with family living in other states leaves seniors vulnerable and dependent on outside help.
According to scambusters.org Senior Citizens scam crimes nets $3 Billion Dollars a year effecting one in five in this age group. Some of the reasons for this increase in vulnerability is that seniors have deteriorating judgment skills. From Scambusters, “half of all people over 80 suffer either from dementia or "cognitive impairment" a catch-all term for problems with memory and judgment.” They are more trustful of others and they are prosperous, they have money.
The Federal Bureau of Investigation features a list of common fraud among the elderly. That report noted the elderly may not report crimes because they are concerned that relatives may think they no longer have the mental capacity to take care of their own financial affairs. This reluctance to ask for advice from family increases victimization and isolation.
Safety and the well-being of seniors are very important yet falls tend to threaten their ability to remain healthy, active and, independent. Archstone Foundation and Fall Prevention of the National Council noted one in three adults 65 or older falls each year and 40% of hospital visits are due to hip fracture among this age group.
Seniors and their family members should know that there are a number of professionals specializing in helping the senior during this transitioning period.