Skip to Content

Get Your FREE Consultation

Blog

Study Addresses Why Older People May Be More Susceptible to Fraud

January 16, 2013

The Federal Trade Commission (“FTC”) has long been aware that older people are often victims of fraudulent activity, perhaps due in part to their tendency to accentuate the positive. According to the FTC, up to 80 percent of scam victims are over the age of 65. A recent study featured in the Proceedings of the National Academy of Sciences confirmed that older people are less likely to be able to spot a fraud or swindler due to their desire to have a more positive outlook.

Researchers concluded that older individuals may be overriding the insula, a part of the brain involved in detecting danger. The study showed that younger subjects when asked to judge whether faces were trustworthy had an active interior insula with the activity increasing at the sight of an untrustworthy face. Older individuals, however, showed very little or no activation of the insula. The new study is the first to show a characteristic pattern of brain activation in a situation involving the assessment of another’s trustworthiness. Researchers have not yet determined whether decreased activity in the insula is the cause or the effect of older people’s more positive outlook.

The study highlights the importance of warnings from the FTC and the FBI regarding the need for older individuals to be vigilant in their dealings with strangers and with money matters. They should take the time to fully investigate those with whom they are dealing before committing money. Children and loved ones of seniors should also check to make sure that seniors are not falling prey to scam artists.

TALK TO US NOW
FOR FREE
No Win, No Fee

Review Us

Martin & Jones, PLLC logo

“Forest, once again, my family and I thank you for obtaining another settlement on behalf of my Father. It’s almost uncanny that these checks seem to come at very opportune times. This one comes as we are expecting our fourth grandchild. It will provide her some sound footing towards her future college education, plus help Mom and Dad with the medical expenses. Sometimes, I think my Dad is helping you guys with this. Maybe so. Anyway, thank you again for your hard work.”

Contact Our North Carolina Personal Injury Law Firm

for a Consultation for Your Accident or Medical Malpractice Claim

Call us at 800-662-1234
TALK TO US NOW
FOR FREE
No Win, No Fee

The law firm you choose makes a difference. If you are the victim of an accident or an illness that someone else caused, the North Carolina personal injury law firm of Martin & Jones has the depth of experience, skills and sensitivity to make your road to recovery as smooth as possible. Whether you have experience with the legal system or have never hired a medical malpractice or personal injury lawyer before, our attorneys and staff will do our best to answer your questions, provide clear advice and prepare you and your family for what to expect. If you would like more information or to meet with one of our attorneys, please fill out the form below or call us at 800.662.1234.