Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Portfolio > Investment VIPs

Senior debt and fraud victims

Your article was successfully shared with the contacts you provided.
  • 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