“Nearly one in 20 older adults can expect to be financially exploited beyond age 60, an incidence rate that is higher than many age-related diseases like cardiovascular disease, cancer, and arthritis.”
“Older adults who have fallen for scams by friends, relatives, or strangers behave just as their peers who have avoided rip-offs do. They are able to balance their checkbooks. They can remember and evaluate information. Their personalities are normal, and their arithmetic is fine.
“But their brains are different.
“For the first time, researchers have found a biological basis for financial exploitation in the elderly.”
