Why Women Are At Higher Risk For Financial Fraud (#216)

Financial Advisors Say The Darndest Things by A.B. Ridgeway

Episode notes

Episode Summary: In this episode AB Ridgeway delves into the concerning issue of financial fraud targeting elderly individuals, particularly women. Drawing from an article by Kathy Curtis published on CNBC, Ridgeway highlights the staggering statistics of cyber fraud losses among older Americans and the devastating impact it can have on individuals and families. He emphasizes the importance of awareness and vigilance in safeguarding against these scams, offering practical insights and strategies for protection.

Key Takeaways:

  1. Elderly Vulnerability: Ridgeway underscores the vulnerability of elderly individuals, particularly women, to financial fraud due to factors such as loneliness, social isolation, and declining cognitive ability. By recognizing these vulnerabilities, listeners ... 
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Keywords
retirementscamselder assistance and senior carewomen and financefinancial fraud