Why Do Seniors Fall for Scams?

via LiveScience

The elderly are recognized as being vulnerable to fraud. A study last year found that American seniors lost at least $2.9 billion to financial exploitation in 2010, and two months ago, the newly established Consumer Financial Protection Bureau launched an inquiry to figure out how to best protect the elderly from scams.

But what makes seniors more likely to fall for frauds? New research points to a specific part of their aging brains.

Keep Reading: Why Do Seniors Fall for Scams? | LiveScience.

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