It's thought that older Americans lose $36 billion a year to financial scams, but it's known that the figure is way too low.
Extensive academic research has shown that social isolation and loneliness make people less intelligent, which leads to financial exploitation. You can't solve the problem of exploitation without addressing social isolation.
WayWiser and the 43 million Americans who gave unpaid care this year know about this problem. "There must be a better way."
Their main goal is to build a platform and support system where an older person can connect with the people who care about them, get the tools and apps they need to do their jobs, and protect all of the older person's assets.
WayWiser is working on a private, secure, collaborative platform that will use AI to help prevent and detect exploitation, as well as caregiving tools that make it easy for caregivers to quickly and transparently manage a loved one's financial affairs. This will protect their assets while also reducing the amount of time they spend alone.
Find out more about this platform https://waywiser.life/