Every single year, millions of older adults become victims of scams, leading to a cost of billions of dollars over the years. While anyone can be cheated or taken advantage of, older adults might be more trusting or unfamiliar with new technologies, making them even more vulnerable and prime targets for perpetrators.
While scams may seem like the norm now, they are definitely not something that you need to feel resigned to. There are techniques to adopt in preventing scams, here are some of our top tips.
Be Aware of the Current Scams
Before you can actively take measures to prevent your loved one from falling prey to scams, it is important to do your due diligence and update your knowledge on the recent scams. Unfortunately, scams nowadays can be extremely creative and elaborate. This is especially so if they have managed to obtain additional information on your whereabouts, living habits, or family members. One of the most common examples is the scam where a caller claims that a family member, usually a grandchild, is currently in trouble.
It is important to ensure that your loved one is aware that they should not allow anyone except for trustable loved ones, friends, or their financial advisor to handle any banking or financial issues and information. This means never making huge financial decisions alone as well as any private information like your PIN, bank account, social security number, and credit card details are shared in person, or over the phone, with someone that you are unable to trust.
Do Not Assume That Organizations are Legitimate
For any sales pitch or situation that is too urgent or where the individual is pushing too hard for a time, it is important to slow down and avoid acting immediately. Chances are that if it is too good to be true, it probably is, even if they are leveraging on the names of existing organizations. It is important to ask for substantiation and hold off till you are able to get a second opinion if you are worried that someone is scamming you.
Avoid Signing Contracts
Contracts come with many clauses and fine print that can tie a person to services, payments, and organizations that do not have their best interest at heart. Always make sure to be fully aware of all the terms of a contract, even if it is for a free trial or promotion. If there is anything that is unclear, seek the counsel of a professional or family member to have a second opinion on the contract before proceeding.
Enjoy A Safe and Secure Environment at TerraBella Summerville
If you have an older adult at home, worrying about their safety might be your utmost priority, especially if you are unable to be their full-time caregiver. Leverage on a retirement community today to provide the best quality of life for your loved one. At TerraBella Summerville, there is a wide range of different amenities, exclusive senior living programs, as well as a professional team that provides care round-the-clock. This ensures that your loved ones will always have someone to turn to and ask for advice or help regardless of the time of the day.