EP 18 - Multigenerational Living and Senior Scams!

The numbers don't lie...the senior population is booming while the younger generation is shrinking due to fewer and fewer people having children. That means there is a growing need for caregiving within families, which is leading to more multigenerational households. That's nothing new for Asian families, but we're seeing this trend of multigenerational living increase across all communities and that's changing the way physical homes are being built, remodeled and outfitted. Our Kelly Hu just bought a home with plans for her parents moving in when the time comes so this hits close to home! Also, with more seniors, that means more senior scams! These horrible scammers prey on our vulnerable, sometimes, lonely elders using all sorts of devious tactics. In this latest episode sponsored by AARP, we talk with Senior VP of Caregiving and Health at AARP, Tricia Sandiego, about multigenerational living and what options are out there for childless people like May, Kelly and Tamlyn and they prepare for their "golden years". We also delve into the dark underbelly of senior scams, which totaled $9 billion last year. Denise Oki of the Federal Trade Commission gives us useful tips on how to help our loved ones. You'll be shocked to hear some of the most heartbreaking stories of elderly being cheated out of their life savings. As we say in the show, "There is a special place in HELL for people who scam seniors."

More Info:

AARP
https://www.aarp.org/caregiving/
https://www.aarp.org/caregiving/home-care/info-2021/tips-for-aging-independently.html

FTC
https://www.reportfraud.ftc.gov/#/
https://www.identitytheft.gov/#/
https://consumer.ftc.gov/features/languages
https://consumer.ftc.gov/unwanted-calls-emails-and-texts/unwanted-emails-texts-and-mail
https://consumer.ftc.gov/consumer-alerts
Pass It On education campaign: https://consumer.ftc.gov/features/pass-it-on

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