By Marc Lichtenfeld Last year, a family member got sick. In addition to her physical ailments, her mental clarity nose-dived. I not only was worrying about her health, but also was very concerned she’d be vulnerable to fraud, as there were caregivers in her house.
But even healthy seniors fall prey to increasingly sophisticated financial abuse and fraud.
It turns out there is a physiological reason for this.
According to a UCLA study, older people have less activity in the part of the brain that is responsible for what is known as “gut feeling.” Oftentimes, it is that gut feeling that tells a person when someone …read more
