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The Clark Howard Podcast

05.24.23 Retailers Responding With DISCOUNTS / Fraud Protection For Seniors

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 24 May 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

As parts of the economy emerge from inflation, post pandemic conditions remain rough for retailers and that means discounts to attract buyers. Every form of discounting is going on, including on some of life’s necessities. Be on the lookout for lower prices & special offers. Also today, a cautionary tale about a senior scammed out of millions, right under the nose of his bank and credit union. What is the responsibility of financial institutions, families and loved ones to protect the life savings of our vulnerable elders? Happy Deals Are Here Again: Segment 1 Ask Clark: Segment 2 Our Mission Must Be Elder Fraud Prevention: Segment 3 Ask Clark: Segment 4 Mentioned on the show Barrons.com: Retailers Ramp Up Discounts to Try to Bring In Shoppers CLARK DEALS - Deals You Can Trust 7 Things on Deep Discount in May Life Insurance Archives - Clark Howard An elderly man was scammed out of millions. Could the bank have done more to prevent fraud? - from USA TODAY Why Structured Notes Might Not Be Right for You What Is a Fiduciary Financial Advisor and Do I Need One? Best 529 College Savings Plans By State Why hitting the lottery could leave you broke Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

It's my pleasure to welcome you to the Clark Power Show where our mission is to serve

0:09.4

you and empower you to make better financial decisions in your life.

0:14.5

I hope one of those decisions that will help you save more and spend less and avoid getting

0:20.1

ripped off is designed up for our free newsletters at Clark.com slash newsletters.

0:29.1

Now I want you to know our team takes your invitation to your inbox very seriously.

0:35.0

Our content I believe in so much.

0:38.1

Everything about what we do at Clark.com is to serve you where what we write is where

0:45.3

our head and our heart meet where we are striving every single item you read to give

0:53.6

you information that empowers you in your life gives you more control over your life

1:00.2

and your wallet.

1:02.2

In this episode I want to talk about how we've all been kind of beat up by inflation.

1:09.5

And there's almost like a PTSD is such an overuse word but there's like a trauma that

1:16.6

follows an inflationary cycle and we're not out of the inflationary cycle yet but parts

1:22.4

of the economy clearly are and I want to tell you about the deals that are sitting there

1:28.7

right now.

1:30.6

And later oh man I am a long loyal member of Navy Federal Credit Union, the largest

1:38.8

credit union in the world.

1:41.2

They're being sued over something involving elder abuse and I want to share with you and

1:46.6

it's a caution not about Navy Federal but any financial institution in the United States,

1:52.5

any brokerage in the United States.

1:54.5

There's something you got to know that I'm going to share with you coming up.

1:59.8

So right now I want to talk about how retailers are taking it on the chin.

...

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