Financial exploitation is a growing threat affecting investors of all ages and wallet sizes. With the rise of sophisticated scams fueled by advancements in technology, such as artificial intelligence (AI), it is crucial for individuals to stay vigilant.
According to the FBI’s Elder Fraud Report, in 2023, more than 101,000 people age 60 and older were financially exploited, leading to nearly $3.4 billion in losses. Older adults, especially those experiencing physical or cognitive decline, are particularly vulnerable, with scams often perpetrated by trusted caregivers or even family members.
