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Older Americans are being bombarded with financial scams and new technology is making it harder to detect
New technology, like AI, has unleashed a wave of fraud and scams on older Americans, in addition to tried-and-true scams that have been used for decades.
The result is that over $28 billion is stolen from retirees each year, with the average victim losing a whopping $35,000. The emotional impact is equally severe, with 65% of victims experiencing stress, anxiety, sleep disturbances, and depression.
Discuss: Have you heard of any scams in the news? Has fraud impacted your friends, family, or someone in your community?