How Seniors Can Protect Their Finances

In Canada, we recognize this week as National Senior Safety Week, and protecting seniors from being victims of fraud goes right along with this. Fraud continues to be a costly and big problem for Canadians, as RCMP report that fraud costs us over $10-billion annually ($300 per Canadian per year). Anyone can be targeted for fraud, but seniors are a vulnerable section of the population for a few reasons. Seniors are more likely to have excellent credit, making them attractive victims; they tend to be trusting and generous, attributes the bad guys take advantage of; they may have a harder time understanding and using newer technology, making…