Once upon a time reaching retirement age meant consumers would have less on their plates and more time to enjoy their golden years. Part of that included no longer holding a mortgage. But a refinancing boom during the 2000s and a trend of buying homes later in life has left many older Americans with a substantial amount of mortgage debt. [More]
Unwanted robocalls are bad enough. But there’s a special place (not a good place, either) for companies that use robocalls to scam the elderly out of their savings. One Orlando-based operation, accused of scamming $13 million from senior citizens, now has a confirmed reservation in that special place. [More]
Sometimes you’re better off packing it in and walking away from an account, even a free one, when things just aren’t working anymore. That’s the conclusion that Josh’s octogenarian neighbor came to regarding her AOL account. AOL, when you aren’t even holding on to the senior citizen market, that’s a bad sign. [More]
The Internal Revenue Service issued a warning for a tax preparation fraud involving phony credits based on stimulus packages. Hucksters are apparently targeting the elderly and tricking them into taking tax credits geared toward college students. [More]
Florida is full of condo complexes run by homeowner’s associations. After you’ve bought and paid for your condo, all you have to do is pay the monthly maintenance fees and you get trim lawns, a snappy billiards room, and a clean shuffleboard area. But as the economy stews in its own juices, the AP reports, some seniors living on a fixed income are having trouble making these monthly payments – and no wonder, with special assessments of $6,000 – and are getting foreclosed on by their own neighbors for as little as being 60 days past due on their fees. Some of them have also stopped making payments in protest over things like the rats, and the sewage raining on their head: [More]
Con artists went door-to-door in California selling senior citizens fake health care policies called “ObamaCare,” threatening that they’d have to go to jail unless they paid up. The unfortunate marks fell victim to a con, unaware that the actual jail-threatening ObamaCare peddlers will be wearing official Star Wars stormtrooper uniforms and won’t be hitting the streets until well after the midterm elections. [More]
53-year-old New Hampshire grandmother Kay Phaneuf died this weekend after National Grid cut her power over an unpaid bill. Phaneuf suffered from a heart condition that required her to sleep in an oxygen tent and use a plug-in oxygen machine. The worker who disconnected the power after ringing Phaneuf’s bell and waiting several minutes at the door apparently didn’t notice a big red sign that warned people not to smoke because of the oxygen machine. National Grid is claiming they followed proper procedures, but that isn’t stopping New Hampshire’s Public Utilities Commission from opening an investigation. [More]
What should you do when you witness someone abusing someone else, but you’re in a retail establishment and the management won’t help you? While eating at an Eat’n Park last week, Myriad claims she watched a young woman repeatedly kick the elderly lady sitting with her, and when Myriad tried to intervene the girl threatened to punch Myriad in the face. Myriad says the manager refused to cooperate, only repeating that he knew the girl and that she was “very nice.” [More]
A man tried to rob a convenience store in Massachusetts while a 75-year-old woman was at the counter buying something. This did not please her. Unfortunately I can’t embed the video directly, but click through to Fox 8 News to watch the woman go all ninja with the price scanner gun. Never anger an old lady with a babushka! [More]
Is it okay for an alarm company to ask a neighbor to check on its customer? By sending a 70-year-old woman over to check on their 80-something-year-old customer, American Medical Alarms may have helped prematurely end a robbery/beating in progress. On the other hand, they asked a 70-year-old woman to go investigate an emergency next door—basically turning her into a potential Red Shirt. As the heroic neighbor’s daughter points out, “They should have already considered the possibility that something like this could happen, and have policies in place to prevent it.”
Yesterday, Consumer Reports noted that an anti-health reform politician is trying to convince senior citizens that they’ll be required to take lessons in euthanasia if any reform is passed. Regardless of what side you come down on with health care reform, this is flat out wrong. We care about this lie, which is still bouncing around the media, because it might interfere with the very real and useful tasks of setting up living wills and determining health care proxies—things that matter to both the elderly and the terminally ill.
A manager at Chemical Bank in Midland, Michigan, grew suspicious when he saw Marion Case, an 80-year-old customer, withdraw $25k from her account last December. Case told him she was going to mail it to someone who would then pass it along to her son. The manager, Carl Ahearn, “remained suspicious. He followed her as she walked to the nearby post office, where Case bought an Express Mail envelope addressed to a man in New Jersey. Ahearn shared his concerns with postal officials, who opened an investigation and arrested a man Monday for fraud.”
Sprightly old people rock. This 78-year-old woman pursued and helped catch an armed robber in the parking lot of a mall on Long Island, NY. You can’t hide from old ladies in a PC Richard, purse snatchers of the world. [Newsday]
Justice has finally been served to the senior citizen who was not only ripped off on his trade-in vehicle (which is, frankly, to be expected), the dealership also got him to hand over his ATM card and just straight up stole $2000 from his bank account.
A Bloomberg investigation found that some insurance policies with the AARP stamp of approval actually cost senior citizens more, and part of that money is getting kicked back to AARP in the form of “royalties” and “fees.” Essentially, the AARP is taking a cut of your premium before passing it on to the insurer. These payments have gone from 11% of AARP’s revenue in 1999, to 43% in 2007. One man found he was paying twice the average for his car insurance. When walked into the the group’s brass and marbled headquarters, flashing his 20-year AARP card, to find out where his money was going, he was told the AARP doesn’t give tours.