Seniors are not more susceptible to scams. The Federal Trade Commission reports many scams are harming younger people more than adults 60 and older.
by the Federal Trade Commission. Younger adults were more than four times more likely than older adults to report investment scam losses, the agency reported.Jillian, said. “And plus, there’s a lot of stress in terms of, like, people constantly trying to scam you.”
one of the reasons I’ve decided to devote my column to an occasional series on money basics called Financial Adulting 101.that, according to the Securities and Exchange Commission, preyed on Mormons. Just stop to think. How can investment promoters guarantee a high return when mainstream financial companies don’t?Can some investments get extraordinary returns? Sure, but not without risk and the potential to lose all your money.2. A high return is pitched as low riskInvestors in the Las Vegas case were told their risk was almost zero, according to the SEC.
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