March 1, 2025
Adults over 60, especially older women living alone, are frequent targets of fraud. While many older adults believe they’re too cautious to fall for senior scams, the numbers tell a different story. Studies show that the financial exploitation of older adults results in staggering losses every year. Recent reports estimate that older adults lose over $27 billion annually to financial scams, highlighting the urgency of staying vigilant against these growing threats.
Why are scams targeting older adults so common? Older adults are more likely to have accumulated savings or assets, making them attractive targets for fraudsters. Many older adults were raised in a time when trust and politeness were societal norms, and scammers often exploit this. Additionally, cognitive decline can make it easier for scammers to confuse or manipulate older adults into believing false claims.
With these factors in mind, it’s critical for older adults and their family members to understand the tactics scammers use and recognize common scams before falling victim.
Scams and fraud targeting older adults aren’t always easy to identify, especially when scammers go to great lengths to make their schemes appear legitimate. Fraudsters often use psychological manipulation, technology and sophisticated techniques to create a sense of trust or urgency. While many of these scams still occur over the phone, modern technology has enabled scammers to expand their reach online using methods like email, fake websites and social media platforms to target victims.
Scammers often try to instill fear or anxiety by claiming immediate action is needed. They may say that failure to comply will result in serious consequences such as legal action, the loss of government benefits or even harm to a family member. This tactic is particularly effective because it discourages victims from taking the time to think critically or consult someone they trust.
Scammers frequently ask for sensitive details under the guise of verifying information or resolving an issue. They may claim that a Social Security account has been compromised or that a bank account requires immediate action. Sharing personal details with a scammer can lead to identity theft, unauthorized charges or drained accounts.
Fraudsters use a variety of schemes to exploit older adults. Here are five of the most common scams older adults need to watch for:
For years, the IRS impersonation scam has been one of the most reported fraud schemes. Scammers call older adults claiming to be IRS agents and demanding immediate payment for back taxes, using fear and confusion to extract sensitive information or payments. They often threaten arrest, legal action or the suspension of benefits if payment isn’t made over the phone. These impersonators rely on the belief that people will comply with government officials without questioning their legitimacy.
How to Protect Yourself: The IRS will never call demanding immediate payment or threaten you with arrest. Legitimate correspondence from the IRS always comes through the U.S. Postal Service. If you’re unsure about a call, hang up and contact your local IRS office directly to verify.
Despite the Do-Not-Call Registry, older adults often receive unsolicited robocalls. These automated calls present pre-recorded messages, often offering free travel, warranty extensions or fake charity requests. Those who engage are transferred to a live person who continues the scam.
How to Protect Yourself: Avoid answering calls from unfamiliar numbers. If you do answer, never provide personal or financial information over the phone. Use call-blocking apps or services offered by your phone provider to reduce robocalls.
Scammers contact victims and claim they’ve won a large cash prize or lottery despite never entering. Fraudsters appeal to their victims’ excitement and curiosity by promising enticing rewards. They may claim the victim has won a vacation, lottery or other prize, but to claim it, the victim must pay a processing fee or provide their banking information. These offers are often accompanied by convincing sales pitches or promises of exclusivity. This scam costs unsuspecting older adults nearly $300 million each year.
How to Protect Yourself: Legitimate sweepstakes or lotteries will never ask for money upfront to claim a prize. Be skeptical of unsolicited notifications, and never wire money to collect winnings.
This emotionally manipulative scam involves fraudsters pretending to be a grandchild in distress. The caller may claim to have been arrested, hospitalized or stranded in another country. The caller will urgently request money, often begging the older adult not to tell anyone else.
How to Protect Yourself: Always verify the identity of the caller by asking questions only your grandchild would know. Contact other family members to confirm the situation before taking any action.
This scam involves a caller asking a simple question like “Can you hear me?” or “Are you there?” The goal is to record the victim’s response of “yes,” which scammers later use to authorize fraudulent charges.
How to Protect Yourself: If you don’t recognize the number, avoid answering. If you do answer, don’t respond to unusual or suspicious questions. Hang up immediately.
As technology becomes more integrated into daily life, scammers have shifted their focus online. Here are some of the most common online scams targeting older adults:
Technology has made it easier for fraudsters to disguise their identities. Caller ID spoofing allows scammers to make their phone number appear similar to the victim’s local area code, giving the illusion of a legitimate call. Similarly, emails can be doctored to look like they’re from trusted institutions such as a bank, government agency or even a loved one. These fake communications often include official-looking logos, formal language, and credible details to make the scam seem authentic. The emails also often include links to fake websites designed to steal personal information.
Scammers pose as tech support agents, claiming your computer has a virus or security issue. They ask for remote access or payment to “fix” the issue.
Fraudulent websites advertise unbeatable deals on popular products. After making a purchase, victims receive counterfeit items or nothing at all.
How to Protect Yourself
Preventing scams requires vigilance and knowledge. Here are some practical tips to help protect yourself or your loved one:
In today’s digital world, staying protected from senior scams requires more than just awareness. Here are additional steps older adults and their families can take to ensure safety:
At Franciscan Ministries, we are dedicated to creating safe, supportive environments where older adults can live with confidence and peace of mind. Through education, community programs and personalized care, we empower residents to stay informed about potential risks while enjoying life to the fullest.
Our communities regularly provide resources to help residents and families stay aware of evolving scam tactics. Whether through group discussions or individual support, we strive to ensure everyone feels secure and valued.
If you or a family member is considering senior living, contact us to learn more about our communities and the resources we provide to protect residents from scams and fraud. Together, we can help create a secure, enriching environment for every resident.
Senior scams are becoming increasingly sophisticated, but with knowledge and vigilance, they can be avoided. By understanding common tactics and taking proactive steps, you can protect yourself and your family from financial exploitation. At Franciscan Ministries, we are here to support older adults and their families at every step of their senior living journey.
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