Monday, August 17, 2009
Making Seniors More Money Savvy
Although she hasn't owned her own home in several years, David John's 87-year-old mother still receives refinancing offers.
The poor economy tends to "bring out wolves" bearing fraudulent offers, including illegitimate home refinancing, says Mr. John, a retirement expert and senior research fellow at the Heritage Foundation. "They prey on those who are perceived as the easiest targets, who are in many cases older Americans..."
WSJ: Making Seniors More Money Savvy
The poor economy tends to "bring out wolves" bearing fraudulent offers, including illegitimate home refinancing, says Mr. John, a retirement expert and senior research fellow at the Heritage Foundation. "They prey on those who are perceived as the easiest targets, who are in many cases older Americans..."
WSJ: Making Seniors More Money Savvy