This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon everybody and welcome to the May 16th edition of Invest Talk and of

course you know we're dedicated to helping you succeed and we call it above

average investing for the average investor and we we're talking about managing risks and

investing approaches to help you make money, make your money grow. Now there's

been a rise in scams. you know, scams have been around forever, but there's been

a rise in scam since the invention of the internet and it's getting worse. And what's interesting is Money magazine reported

that it estimated that one in five Americans over the age of 65

are victims of financial abuse.

1 out of 5 Americans over 65 years old, 20%.

And what do you think the average loss?

It's staggering.

The average scam loss is to these people.

One out of five for people over 65. It's a hundred and twenty thousand three hundred dollars.

That's a muster scam. Average. A hundred twenty thousand three hundred dollars.

So do you feel you're too smart to get scam?

Defrotted?

One out of 10 survey didn't believe they'd ever be a victim.

Of course, one out of five are.

Or maybe you've got a story to tell.

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