Older people seem more susceptible to victimization by fraud because they

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Older people often have accumulated wealth and fewer social supports, making them more vulnerable to fraudsters who seek to exploit their financial resources. Additionally, many older people may have cognitive impairment or other health issues that can make them more susceptible to scams. While some older individuals may have extensive knowledge of consumer regulations, this does not necessarily protect them from fraudulent activities. A trusting attitude toward business is generally not a factor in victimization, as fraudsters often use deceptive tactics to appear legitimate. Social support can be helpful in preventing fraud, but many older individuals may lack such support or may be isolated from family and friends.

Older People Seem More Susceptible to Victimization by Fraud Because