New research suggests that seniors who have a low awareness of potential scams may be showing the earliest signs of cognitive decline.
The woman lives alone, but she's rarely lonely. Friends stop by most mornings, and a niece looks in weekly. Still, most of her afternoons and evenings are spent sitting in her chair, looking at the clouds and sky through a picture window. The caller sounded nice.
"Good afternoon," he said in a cheery voice, asking whether he could use her first name. She couldn't remember entering the sweepstakes, but he assured her that she had and that it didn't matter: What matters, he said, is that she'd won."And what you've won is a unique investment opportunity," he explained. If she sent $200, she'd receive $2,000 in return -- 10 times return on investment.
"Look out for fraudsters and their tactics. Get a sense of the most likely scams that are ongoing at the time," Boyle said. Sanford said that early screening for cognitive impairment can lead to early awareness of a problem and can be helpful to both physicians and families."Banks will send out text messages to families when the debit card is being used. Or they can set limits," she said."So there are different ways to safeguard against some of these scams.
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