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How to Keep Your Parents from Falling Victim to Financial Fraud

Thousands of Senior Citizens Are Injured by Financial Fraud Every Year

According to an August 2017 report from CNBC, older American adults lose approximately $36.5 billion every year as a result of predatory fraudsters, grandparent scams, pyramid schemes, and more. Despite growing awareness of the problem, the rate of aging Americans that are falling victim to such schemes does not appear to be decreasing.

Loneliness Could Make Seniors More Vulnerable to Fraud

For years, people monitoring this trend have attributed it to age-related cognitive decline. However, even perfectly healthy senior citizens are at risk of being exploited by thieves. While developing Alzheimer’s, dementia, or another such illness certainly puts older adults at risk, loneliness and lack of companionship make them equally vulnerable. If you are looking to reduce your aging loved one’s risk of falling victim to financial fraud, consider bringing a companion caregiver into the mix.

At Home Healthcare Provides the Compassionate Companion Care Your Family Needs

The professional caregivers of At Home Healthcare love spending time with seniors and are well aware of the risks older adults in America face. While having a companion caregiver cannot necessarily prevent your aging loved one from falling for a scam, it can encourage them to be as active and social as possible, which can reduce idle time and diminish the likelihood that they might fall victim to fraudsters.

Companion caregivers provide a number of important services, including:

  • Grocery shopping, meal planning, and meal preparation
  • Light housekeeping (dishes, dusting, and other simple tasks)
  • Helping them maintain important neural connections through warm, engaging conversation
  • Improving your loved one’s day-to-day life
  • Help taking care of beloved pets
  • Providing transportation
  • Serving as an escort
  • Running errands (and more)

Call (877) 959-9093 to find out if companion care is right for you and your loved one. You can also request care to tell us about your loved one’s specific needs.

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