Investment fraud schemes cost Americans tens of billions of dollars a year. AARP has identified eight risk factors that predict who is most likely to be defrauded.
Saving for the future is a vital part of ensuring a secure retirement. American Savings Education Council and America Saves coordinate the annual America Saves Week. Started in 2007, the week is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status.
Many people worry about remaining financially secure after leaving the workforce, but, according to the Employee Benefit Research Institute, less than half of U.S. workers report that they or their spouse ever tried to calculate how much money they would need to live comfortably in retirement.
The state population is aging, and financial crimes against older people are a growing concern. Thirty-seven percent of fraud complaints filed with the Federal Trade Commission in 2015 came from consumers 60 and older.