SmartMoney Monday: Financial scams targeting the elderly

SmartMoney Monday: Financial scams targeting the elderly

HONOLULU, Hawaii (HawaiiNewsNow) - In this SmartMoney Monday, we’re going to discuss a serious problem affecting the elderly: financial scams.

It’s estimated that about 5% of the elderly population, which is a few million people, are victims of some sort of scam every year resulting in billions of dollars in theft.

Chris Buto, of Bank of Hawaii, has a few tips on how to protect yourself or your loved ones from getting scammed.

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