Sunday is Grandparents Day, and the Wisconsin Department of Agriculture, Trade and Consumer Protection is keeping grandparents – as well as their children and grandchildren – informed about the latest scams that could affect them and their families.
Older consumers may be more likely to lose large amounts of money to scams because they often have lifelong savings, they may be unfamiliar with the advanced technologies used by scammers and they could face social isolation or ailments that make them vulnerable to an experienced scammer, DATCP advised in a recent news release.
One scam that is frequently used to steal the hard-earned money of older consumers is commonly called the “grandparents scam.” This scam begins with someone calling claiming to be a grandchild or loved one. The caller