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Seniors

More Americans Looking Overseas for Retirement Living

More Americans Looking Overseas for Retirement Living

More Americans than ever are setting up a second home in another country, with State Department estimates placing the current number as high as nine million. The motive is often financial, as retirees hope to raise thir standard of living without a big increase in cost. Panama, Costa Rica and

Cagey Seniors Fall for Tech Support Scams Less Often than Younger Consumers

Cagey Seniors Fall for Tech Support Scams Less Often than Younger Consumers

Tech support scams continue to infest the internet but a Microsoft survey finds that consumers aren’t falling for the scams as readily as they once did. In particular, baby boomers are less likely to get roped in than younger consumers. To put it bluntly, it appears to be overconfident

Romance Scams Target Seniors, Losses Rise Sharply

Romance Scams Target Seniors, Losses Rise Sharply

Online romances are blossoming among seniors, but way too many of them are more like poison ivy than a dozen roses. The Consumer Financial Protection Bureau (CFPB) says that reported romance scam losses in 2020 hit a record $304 million, up about 50 percent from the previous year. The actual

COVID-19 Shows Need for Better Long-Term Care for Older Americans

COVID-19 Shows Need for Better Long-Term Care for Older Americans

The COVID-19 pandemic has shown the need to strengthen the long-term care safety net for older Americans, to provide better care without forcing families into financial ruin, a new study finds. The report proposes a system of universal coverage to support the long-term care needs of all older Americans. It

Clothing Fires a Hazard for Seniors

Clothing Fires a Hazard for Seniors

Thanks to COVID-19, a lot of people are sitting around the house in their pajamas or workout wear, but normally it’s seniors who tend to wear loose clothing, so perhaps it’s not surprising that older people account for 77% of the deaths from clothing fires, even though the

FBI warns of elder scams

Each year, millions of elderly Americans fall victim to some type of financial fraud or confidence scheme, including romance, lottery, and sweepstakes scams, to name a few. Criminals will gain their targets’ trust and may communicate with them directly via computer, phone, and the mail; or indirectly through the TV