America has the highest percentage of older people in at least a century. And that fact, The Wall Street Journal reported Sunday (Oct. 8) may have helped consumer spending to stay strong even as the Federal Reserve hikes interest rates. As that report notes, the...
Younger consumers — millennials, Generation Z — seem to get all the focus when it comes to eCommerce and digital payments these days. But older citizens are still out there, shopping, buying and paying, and they are getting attention from businesses, too — and that consumer segment,...
Get ready for even more fake grandchildren when it comes to payments fraud. That’s one of the sad facts of life as more consumers hit senior citizen status, and criminals gain more expertise in conning people into giving over their money. That said, financial services...
The Federal Trade Commission (FTC) warned Monday (Dec. 3) that a new scam is targeting people 70 and older, in which they are being tricked into sending large amounts of cash to people pretending to be their grandchildren. In a press release, the FTC said...
July 04, 2018
There is a lot to be gained by matching senior citizens with college students, a lesson learned by Papa Founder and CEO Andrew Parker when he did some manual matchmaking for his own granddad a few years back. Solving his personal problem became a professional goal -- today, Parker’s Papa platform matches grandmas and granddads with college students to run errands and run them around town, while also supporting themselves with a stream of gig income.
November 08, 2023
Senior-focused financial platform Charlie has introduced a suite of fraud protection tools for older Americans. The company’s FraudShield offering, announced in a news release Wednesday (Nov. 8), uses data about 62-and-older consumers’ static habits, patterns and preferences to help combat the $28-billion-per-year problem of financial crimes against older Americans. “Far too many older Americans are devastated by financial […]
October 08, 2023
America has the highest percentage of older people in at least a century. And that fact, The Wall Street Journal reported Sunday (Oct. 8) may have helped consumer spending to...
December 03, 2018
The Federal Trade Commission (FTC) warned Monday (Dec. 3) that a new scam is targeting people 70 and older, in which they are being tricked into sending large amounts of...
June 02, 2017
Just because people get older, it doesn’t mean the wool can be easily pulled over their eyes. Wyndham Vacation Ownership, Inc. is finding this lesson out the hard way as...
