Guides / If it happens
Helping an older relative avoid scams
Talk without lecturing, and set up a few safeguards together.
Scammers target people of every age, but older adults often lose larger amounts. A respectful conversation and a few shared safeguards make a big difference.
Ways to help
- Share stories of current scams rather than warnings
- Agree a family code word for emergency calls
- Help turn on bank alerts and call blocking
- Suggest a "trusted contact" on their bank and investment accounts
- Make it clear they can always call you first, with no judgment
If they've been scammed
Stay calm and kind. Help them call their bank, then report it. The National Elder Fraud Hotline (1-833-FRAUD-11) can help with next steps.
General educational information, not legal advice. Dime Wisdom isn't paid by any bank, security company or government agency.