According to the FBI, scams targeting those 60 and older resulted in over $3.4 billion in losses in 2023 alone. Although financial scams can occur throughout the year, they usually increase around the holiday season due to increased online shopping or donations. Older adults, especially those who are isolated or lonely, are particularly vulnerable.
Common Scams:
- Romance Scams:
- Signs: Reluctance to video chat, excessive love declarations, gives little personal info, and requests for money or gift cards.
- Publisher's Clearing House:
- Signs: Asking for upfront payments, claims to be from "PCH Prize Patrol," requests for sensitive information such as, your social security number.
- Utility Company Scams:
- Signs: Threats of service shutoff, demands for unusual payments, or entry to your home.
- Charity Scams:
- Signs: Pretend to represent real or fake charities, often mimicking names.
- Home Repair Scams:
- Signs: Urgent repair claims, pressure to make quick payments. Always verify the person's contractor credentials.
- Debt Relief Scams:
- Signs: Request upfront fees, often targeting those with significant debt, including IRS scams, credit repair, and auto loan modifications.
- Other Scams:
- Signs: UPS delivery fakes, grandparent scams, tech support scams, blackmail threats, and investment fraud.
Tips to Avoid Scams:
- Be cautious of deals that seem too good to be true
- Don't hesitate to say "no" or hang up
- Never send money via gift cards or wire transfers to unknown individuals
- Avoid clicking suspicious links or attachments
- Verify requests for personal info through trusted sources
- Keep personal information secure
- Monitor financial accounts closely, especially during holidays
- Maintain a strong support network to reduce isolation
If you need immediate assistance from law enforcement, call 9-1-1. You can also contact the Victim Assistance program staff at 517-278-2538 or toll-free at 888-615-8009.
