Senior Citizens Lost $2.9 Billion To Financial Abuse In 2010

Senior Citizens Lost $2.9 Billion To Financial Abuse In 2010: The Consumer Financial Protection Bureau launched an inquiry into financial fraud and abuse against senior citizens Thursday, as studies showing that scams against the elderly are becoming more prevalent. Senior citizens lost $2.9 billion to financial abuse in 2010, a 12 percent increase from 2009, according to research from MetLife. 58 percent of respondents to [...]/p