The cost of fraud

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money M Fraud hurts and fraud costs.  I have watched trusting widow’s see their life insurance nest egg land in a fraudsters pocket.  Widows are not the only target.

 V   Consumers reported losing $905 million last year.  That’s 63 million more than the year before.  Adults ages 20--29 reported losing money more often than their elders.  But adults age 70 and over lost more money.  Yes, most of those are women.  The Federal Trade Commission has a bureau to protect consumers.  But the greatest protection is one’s own knowledge, research, and accountable people around each person.

 M  Young or vintage, we need to talk to others, vet, and pause before any financial decision.

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