With an aging population this is an elder justice issue, a personal finance issue and a public policy issue. It’s hard to pin down the numbers: A study out of new york state estimates as few as one in 44 cases are ever reported, and studies have calculated that older people lose anywhere from $2.9 billion to $36 billion each year from financial exploitation.What is cognitive learning in psychology rose conlon/marketplace

Back in her kitchen, we laid out all the used cards, piles and piles of them, covering every available spot on a small table.What is cognitive learning in psychology in all, there were more than 100 used target and walmart gift cards, some decorated with pretty pink flowers or cute cartoon penguins or, as it was the holidays, santa claus.What is cognitive learning in psychology judy with $166,000 in used department store gift cards.

There is neuroscience and psychological data to suggest our ability to detect sketchy situations may decline.What is cognitive learning in psychology or, we may become prone to seeing the upside of a risky deal and blow off the downside. Some people are more inclined to believe the last person they spoke to.What is cognitive learning in psychology others may lose the ability to push back on a high-pressure predator. Researchers emphasize that this phenomenon goes way beyond changes in the brain.What is cognitive learning in psychology

Catching fraudsters is no easy feat, though millions of victims complain. I met with one family that was able to win a partial restitution after a con woman persuaded a dad in his 90s that she was his “special friend” and in need of money for treatment for “cancer.” the victim’s kids worked on this for many months, one a law school professor, the other a former prosecutor.What is cognitive learning in psychology

In one high-profile conviction this year, a scammer from jamaica was sentenced to nearly seven years in the US for trying to swindle a guy in his 90s.What is cognitive learning in psychology it started with promises of fake sweepstakes winnings, which turned to violent threats. He picked the wrong potential victim: william webster, the former head of the FBI and the CIA, who had friends in high places who could help.What is cognitive learning in psychology

Elder rights advocates say protections remain inadequate. Even with that fresh federal law to help protect seniors, experts say there is still not sufficient rigorous research on what strategies work best to inoculate people from potential fraud.What is cognitive learning in psychology this at a time when the population is aging: the number of people 65 and older will nearly double in 30 years, to one out of five in the U.S.What is cognitive learning in psychology as the U.S. Population of older people expands scammers are getting more technologically sophisticated.

Over the last six months, I sat with families grappling with scammers.What is cognitive learning in psychology I spent time with a son in his 20s living at home as he finishes college, trying to cope after he saw emails showing his mother had been sending an online love interest she’s never met about $100,000.What is cognitive learning in psychology the son says the emailer has always been a no-show for any in-person meeting with his mom.

His son, chad, shared a home office with his dad, where he repeatedly had to intervene to stop people trying to pick his dad’s pocket via phone, snail mail and email.What is cognitive learning in psychology chad now has his father art’s consent to make financial decisions on his behalf, power of attorney. The schreibers, mindful of their father’s need for independence, regard this as a step not to be taken lightly.What is cognitive learning in psychology chad schreiber, who lives in a st. Louis, missouri suburb, gestures toward a photo of his father, art, who was besieged by fraudsters.

He’d left 15 messages offering $2 million but, while I was there, this live voice upped the amount to $2.2 million.What is cognitive learning in psychology where did the extra money come from, judy asked him. The caller claimed her winnings had accrued “interest” after being deposited temporary in the “federal reserve bank of washington, D.C.” more baloney, judy concluded, and called the cops.What is cognitive learning in psychology

Experts say these are conversations to have before a financial or health crisis hits. There is something called “limited guardianship,” where a judge grants only specified powers to a trusted person.What is cognitive learning in psychology there is the “springing” power of attorney that can be set up in advance that springs into action when someone’s cognitive abilities decline past a certain predetermined threshold.What is cognitive learning in psychology