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Senior debt and fraud victims

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  • 23 million: Number of senior citizens who are unable to make more than the minimum payment on a credit card.
  • $5,844: Average account balance on credit cards of people age 65 to 69 in 2001.
  • 70%: Percentage of senior citizens who earn less than $50,000 a year.
  • 21%: Percentage of investment fraud victims admitted to sending money to an organization they were unfamiliar with.*
  • 73%: Percentage of investment fraud victims who did not acknowledge losing any money.*

Source: The Elder Law Journal
*Source: AARP