Why scammers love targeting senior citizens: 10 unscrupulous scams to watch out for

However many reasons we have for loving our grandparents, scammers have a whole lot more. That’s why fraudsters and hackers are increasingly relentless in targeting a demographic that is often trusting of financial institutions, perhaps too embarrassed to report a loss and at a disadvantage where digital technology is concerned. Seniors offer an easy jackpot for scammers, to the tune of $3 billion in losses annually. They are often homeowners, sitting on top of savings, and in good credit. 

Spokeo warns to watch out for these 10 senior citizen scams that target their hard-earned savings.