{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"SN 5 EP 3: Protecting Aging Parents from Scams (Part I)","description":"In this episode of the Black Parents Aging Podcast, Olivia Smith and Nicola Robinson dive into a growing issue impacting families across the country\u2014elder fraud and scams. With billions of dollars lost each year, scammers are increasingly targeting older adults through sophisticated tactics that can be difficult to recognize. Olivia and Nicola break down some of the most common scams affecting seniors, including government impersonation scams involving Social Security and Medicare, IRS threats, tech support fraud, and devastating online romance scamsthat prey on loneliness and trust. They also discuss why many seniors hesitate to report scams and how embarrassment, fear, and concerns about losing independence can keep families in the dark. Throughout the conversation, they share real-life examples, warning signs, and practical tips to help families recognize red flags and protect their loved ones. This episode is a must-listen for anyone with aging parents or grandparents who want to stay informed and proactive about preventing fraud.   Key Takeaways \u2022 Fraud targeting seniors is rising rapidly, with reported losses increasing from $600 million in 2020 to $2.4 billion in 2024. \u2022 Many scams go unreported because victims feel embarrassed or ashamed, meaning the real financial impact is likely much higher. \u2022 Government impersonation scams involving Social Security, Medicare, and the IRS are among the most common ways scammers target older adults. \u2022 Legitimate government agencies will never call unexpectedly to request personal information or payment over the phone. \u2022 Scammers often create a sense of urgency, pressuring victims to act quickly before they have time to verify the request. \u2022 Romance scams are one of the most emotionally and financially devastating, often targeting widowed or lonely seniors through online relationships. \u2022 Fraudsters frequently invent emergencies or sudden financial problems to convince victims to send money repeatedly. \u2022 Tech support scams exploit seniors who may be less familiar with computers, tricking them into granting remote access to their devices. ","author_name":"Black Parents Aging Podcast","author_url":"http:\/\/blackparentsaging.libsyn.com\/website","html":"