Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Ways Seniors Suffer Financial Abuse

July 13, 2021 · Retirement Life
Photo by SpeedKingz from Shutterstock

The “Help me Grandma” scam

This next example is completely obnoxious, but it needs to be brought to your attention. It’s extremely devious and easy to be done because it relies entirely on an older person willing to help and be there for their loved ones.

The con artists that use this technique targets grandparents that haven’t seen their grandchildren in a long time.

It implies receiving a telephone where the caller acts like the grandchild: “Hi, grandma, I’m your grandchild. Don’t you remember me?” If the elder person responds with a name, the scammer automatically approves and like this, he got himself an identity.

After that, the scammer mentions a big and problematic situation that he/she needs to escape but to do that requires a big amount of money. “Grandma, can you help me? No one needs to know about this” Of course, the grandparent, out of love, helps out the so-called grandchild by sending away their account information. The rest of the story we guess you can imagine.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A retired man sits at a sunlit wooden table thoughtfully reviewing an official Social Security envelope next to his reading glasses. 9 Social Security Notices You Should Never Throw Away
  • An older woman sits thoughtfully at a sunlit kitchen table next to a folder of documents and a vintage family photo. 10 Things Families Need to Know About the $255 Death Benefit
  • An elegant watercolor and ink illustration of a peaceful retirement pathway with subtle red warning flags and a magnifying glass. 10 Financial Red Flags Retirees Should Never Ignore
  • 10 Things Teachers Should Know About Their Pension Before Retiring 10 Things Teachers Should Know About Their Pension Before Retiring
  • Watercolor illustration of an elderly woman sitting peacefully in her sunlit living room near an open window. What the New SSI Program Improvements Mean for Recipients
  • An ink and watercolor illustration of a rising block graph representing lifetime earnings building a path toward retirement. Why the Social Security Formula Rewards Longer Careers
  • A retired man at his kitchen table reviewing a Social Security denial letter in soft morning light. The Social Security Appeal Process Explained Step by Step
  • A senior couple sits at a sunlit wooden table reviewing their credit card benefits over morning coffee. The Credit Card Perks Retirees Overlook Every Single Month
  • An older couple in a cozy living room reviews a bank statement with a magnifying glass as paper money-airplanes float up. 10 Subscription Services Retirees Are Cancelling to Save Money
  • A female retiree sitting at her sunlit dining table with a health planner and pen, reflecting on her retirement healthcare plan. The Medicare Preventive Services Most Retirees Never Use

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

11 Smart Ways to Save $1 Million for Retirement on a $50K Salary

Opt for Alternative Investments If your earnings do not allow you to save that much…

Read More →
A retired couple calmly reviewing their finances on a tablet in a bright, modern living room.

Retired? Pay Attention to These 15 Hidden Fees That Could

Discover 15 hidden retirement fees that quietly drain your fixed income, including banking traps, investment…

Read More →
A man in his 60s peacefully writes in a daily planner at his kitchen table during a sunlit morning, embodying a calm retirement routine.

8 Retirement Routines People Say Reduced Their Stress

Reduce post-career anxiety and build a more fulfilling daily life by adopting these eight practical…

Read More →
An editorial illustration of a single retired woman looking out her window at a beautiful landscape, planning her new beginning.

10 Best States for Single Retirees to Live

Discover the 10 best states for single retirees, featuring top locations that balance tax savings,…

Read More →

7 Retirement Towns Where You Can Walk To Everything You Need

Comparing Your Walkable Relocation Options When weighing these destinations, consider how the climate, cost of…

Read More →

10 Military Communities Where Vets Can Happily Retire

San Antonio, TX – If you’re looking for a place that’s livelier, you’ll enjoy living in…

Read More →

5 Medicare Changes We Will Face in 2022

Returning to normal As evidenced by the MA and Part D final rule for 2022,…

Read More →

Top 13 Retirement Destinations of 2020

10. South Carolina Here, health care costs are around $405, which is a little bit…

Read More →

13 Overlooked Locations for Retirement in the U.S.

Discover 13 underrated retirement cities in the U.S. that offer exceptional healthcare, affordable living, and…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.