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Seniors Lose $3 Billion to Identity Theft Each Year. Do This Immediately to Protect Yourself

May 22, 2019

From the Time Money website

Identity theft impacts millions of people every year, and older Americans are targeted at higher rates than the rest of the population.

People age 65 and older lose a whopping $36.5 billion to elder financial abuse every year, and almost $3 billion of that money is stolen via identity fraud, according to a study conducted by financial services firm TrueLink. The average amount of money an older adult loses to identity theft over a five year period is $7,633.

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From → Consumer

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