The Elderly and Poverty: A Growing Concern You may have seen the news stories about the elderly and poverty. It’s a growing concern, and one that we should all be aware of. The problem of the elderly poverty in the united states especially, is a disgrace. The fact is, many of our senior citizens are falling into poverty. They’re living on Social Security, which often […]
How to Spot Elder Financial Abuse Scams Sadly, the Senior Safe Act, the Elder Justice Prevention and Prosecution Act and the Financial Industry Regulatory Authority (FINRA) do not stop elderly financial scams. Despite these efforts, fraudsters continue to prey on seniors and their families. This crime of elder abuse financial scams must be addressed now. According to Roger Fouton, a freelance journalist who follows legislative […]
The Alarming Truth About Financial Advice on Social Media Sites Popularity doesn’t necessarily mean that a social media influencer knows what they are talking about. LendingTree’s recent survey found that 41% of Gen Zers used social media to get financial advice within the past month. In fact, hashtags such as #FinTok and #Money are viewed hundreds of millions of times each. These videos are often […]
Elder Financial Abuse – Warning Signs and What to Do If you suspect your loved one of being a victim of elderly financial abuse, there are some warning signs to look for. These include uncharacteristic activity in their bank account and attempts to wire large sums of money. You may also notice an unusual increase in their monthly income. Read on to learn more about […]
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