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Saving Advice
Saving Advice
Drew Blankenship

Experts Say Seniors Who Don’t Learn This One Skill Are Most Likely to Be Scammed

senior scam prevention
Image Source: Pexels

Scammers have gotten smarter and smarter over the years. Unfortunately, the targets of many scams are vulnerable adults. Recent data shows older Americans are losing billions each year, with reported fraud losses jumping from about $600 million in 2020 to $2.4 billion in 2024. Even more alarming, some seniors are losing tens or even hundreds of thousands in a single scam.

Because of this, it’s important to know what you need to do to keep yourself (and your finances) safe. Experts have spoken out about the skills seniors need to have to be able to protect themselves, and it’s not tech expertise. Here’s what skill you really need under your belt to stay safe.

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