As it has been said by Willie Sutton when asked about why he robbed banks, he responded: “Because that's where the money is.” The bottom line then when it comes to all the multitude of scams that prey on the baby boom generation, is that it really comes down to the fact that the baby boom generation, in aggregate, has a tremendous amount of assets, whereas all those desiring such riches, domestic as well as those outside this country that don’t have much, and thereby desire to have something but lack a moral compass, are going to be highly motivated to get that money and therefore will concentrate their efforts the most upon those that not only have the money but seem highly susceptible to getting that money from.
For an absolute certainty this country should do a whole heck of a lot more to protect the elderly and to protect all of its citizens from scams that wrongly take from the affluent and well off, in what amounts to a form of robbery, in which, those that are the perpetrators are either not even being caught, or when caught, aren’t paying a high enough price for the crime that they have committed, perhaps because it is classified as a “white collar” crime.
The important point is that this country runs on money, and those that have money that they have fairly earned over their lifetime, are thereby scammed so badly that their assets have been devastated because they have been fooled, bamboozled, or just plain taken advantage of, thus represents a great disservice to those of the baby boom generation, and there ought to be more done from a governmental and law enforcement perspective to protect these baby boomers from being so easily scammed in any of its myriad forms.
Perhaps one of the ways to reduce such monetary robbery of the baby boom generation is to make the general public more aware of all the types of common scams that are prevalent through providing timely and informative public announcements of all sorts, done through the television, media, and the like, while also providing these same people with the resources to address their concerns and complaints to an agency that has the resources to do something constructive to help and to protect them. So too, it needs to be more readily recognized that financial institutions that the baby boomers utilized on a common basis probably need to have more robust guardrails in place so as to better protect baby boomers from being taken advantage of.
Finally, it has to be said that as people age, they typically become more vulnerable not only from a cognitive standpoint but also from an emotional one, as well, which is why those who prey upon baby boomers should be viewed as a predatory clear and present danger, that should not only be publicly shamed for their ill behavior, but ought to suffer a more appropriate punishment for the harm that they are doing and have done to those that did them no wrong.