Thieving fraudsters are making a business of taking advantage of older adults. Almost 4 in 10 seniors are affected, losing over $3.6 billion each year.
And this isn’t only happening to the very old or those with Alzheimer’s or dementia – younger, more educated seniors are actually losing more money.
Did you know that the amount of junk mail your older adult receives is a sign of their fraud risk?
Getting rid of junk mail might seem like a lot of work, but it’s well worth it if it protects your older adult from losing their life savings to fraud.
- Shred those pre-approved credit card applications
Putting a stop to the junk mail being sent to your older adult’s house is essential for reducing their fraud risk.
- Have sign on the mailbox “No junk mail or flyers”.
- If mail delivered to a superbox or bank of mailboxes in a building, have the postal carrier put a sticker in your slot indicating “No junk mail or flyers”.
It also reduces the risk that someone with early dementia would repeatedly donate to multiple charities, sign up for many credit cards, or spend an excessive amount on catalog purchases.