Older adults and fraud, a common association

Scientists from UCLA have investigated the reasons why older adults are more often fraud victims than younger people. According to the results, elderly people are not or less able to recognize dishonesty or untrustworthiness in a person's face. Using brain scans, the researchers also found out that a certain brain region linked to disgust is less active in older adults, thus blocking so called "negative gut feelings" which often protect us from being fraud victims. This is indeed considered a huge problem as in 2010, over 60 years olds lost a total of $2.9 billion dollars through financial fraud, with fraud types ranging from repair services to complex financial scams.
Source: http://www.sciencedaily.com/releases/201212121203163430.htm


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