Financial exploitation of older adults is a concern in the Permian Basin. Researchers are studying the causes and consequences of this issue. They aim to use their findings to inform policy and practice recommendations that can help prevent financial scams.

Experts note that older adults often have accumulated wealth, making them targets for fraudsters. New technologies are being used to carry out these scams, making them harder to detect. For more information on this growing social problem, readers can refer to the source, KOSA CBS7 / First Alert 7.

Further details are available from InvestigateTV, which has been looking into the evolution of financial scams targeting older adults.