The Psychology of Financial Scams

Many older adults who grew up in the Great Depression were raised to be polite, trusting and accessible. Financial predators use these positive personal traits to gain an unfair advantage of their intended victims. As a consequence, older adults’ financial security and livelihood could be compromised. Understanding the psychology behind this risk can help professionals understand how to recognize vulnerabilities and identify resources to support and protect older adults against fraud. This presentation will help you to learn more about the psychology of financial scams and how to protect older adults from falling victim to financial predators.