The Cost Of Fraud

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing 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.