Elderly adults lose billions to financial scams by people they trust every year. New psychological research suggests this vulnerability could be linked to older adults’ overreliance on initial impressions of trustworthiness.
Tag: Financial scams
6 tips for older adults to avoid scams brought on by COVID-19
The uncertainties surrounding the coronavirus and the need for social distancing provide a playground for fraudulent telemarketers and internet scammers. Older individuals are especially vulnerable to financial exploitation at the hands of others, says Karen Roberto, a Virginia Tech expert…