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Research Report 

The Boomer-ang Effect: Financial Institutions’ $1 Billion Opportunity in Senior Financial Management

This report, commissioned by REGO, reveals the true cost of the elder financial fraud epidemic and details the most common methods criminals used to steal over $38 billion in 2023 from Americans over age 60. From cryptocurrency scams and ransomware, to identity theft and real estate schemes, senior citizens are now the most vulnerable population segment to financial fraud.

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What You'll Learn in this Report

  • The true cost of the elder financial fraud epidemic
  • Methods and channels criminals use to commit financial fraud
  • The growing challenges of managing finances for aging parents
  • The $1 billion opportunity to offer Senior Financial Management tools
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About Cornerstone Advisors

At Cornerstone Advisors, our goal is to deliver tangible business impact to financial institutions and fintechs. We know that when institutions improve their strategies, technology, and operations, enhanced financial performance naturally follows. Because we live by the philosophy that businesses can’t improve what they don’t measure, we show banks and credit unions how to use laser-focused measurement to make smarter technology decisions.