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Stock impact report

Credit.com: These common scams target seniors—how to avoid them [MarketWatch]

Western Union Company (The) (WU) 
Last western union company (the) earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: MarketWatch
These common scams target seniors—how to avoid them Older adults lose more than $36 billion every year to financial scams, according to a 2015 study . Unfortunately, con artists see the elderly population as an easy and vulnerable target. Mike Rothman, president of the American Securities Administrators Association, told CNBC that scammers take this approach because the current elderly population is one of the wealthiest we’ve seen with such hefty retirement savings. Where the money goes, the con artists follow. With so many scams targeting older adults, it’s essential to make yourself and your loved ones aware of the different types of cons. Here is a list of common financial scams that specifically target the elderly and how you can prevent them: The grandparent scam is common because it appeals to older adults’ emotions. Scammers get the phone number of a senior and they call pretending to be a grandchild. Making their lie seem more believable, the con artist will playfully ask t Show less Read more
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