“A 2011 MetLife Mature Market Institute review of existing research and news reports estimated elder victims lose at least $2.9 billion annually from fraud, up 12 percent from 2008. Fraud perpetrated by strangers accounted for 51 percent of reported cases, followed by fraud committed by family, friends and neighbors, which accounted for 34 percent. A 2010 study by the non-profit group Investor Protection Trust said about 7 million Americans over 65, or 1 in 5, have lost money from fraud schemes.” Click here to read more.
EngAGE changes lives by transforming affordable senior and multigenerational apartment communities into vibrant centers of learning, wellness, and creativity.
