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...it’s hard to put an exact number on the scope of scams out there. But he estimates that there are 10 million people in the U.S. above a certain age who are l
by rabidonrails 13y ago
...it’s hard to put an exact number on the scope of scams out there. But he estimates that there are 10 million people in the U.S. above a certain age who are living alone and susceptible to fraud.
I'm not sure what the point of the latter sentence is - I had to read it twice to make sure that I wasn't missing something...am I?
- sarahkpeck 13y agoIn answer to this question; the phrasing could be more specific. I believe he's referencing the number of seniors who are targets for scams like these and would benefit from a card like this. In this case, the question is: how many seniors are there in America, who are living alone, with some cognitive decline, and highly susceptible to fraud and scams? See this Bloomberg piece -- 2010 estimates that financial abuse victimizes 1 in 5 elderly; about 7.3 million senior citizens have reported being taken advantage of. http://www.bloomberg.com/news/2010-06-15/financial-abuse-victimizes-one-in-five-u-s-elderly-nonprofit-survey-says.html http://www.bloomberg.com/news/2010-06-15/financial-abuse-vic... The scary part is that it's likely much, much higher (the number of people being taken advantage of) -- because so much of it goes undetected, or worse, unreported.