Neuroscientists and gerontologists see evidence that people become more vulnerable to financial exploitation as they age. Con artists, fraudsters, even family, friends, and caregivers take money from seniors and abuse their trust. According to researchers, the shame of these crimes prevents victims from reporting or talking about them, creating a crucial public policy issue.
Marketplace Morning Report host David Brancaccio presents immersive storytelling to explore the evidence for what doctors are calling "Age-Related Financial Vulnerability."
The Marketplace team presents stories of fraud victims and their families from across the U.S., including a 78-year-old substitute school nurse, who lost more than $230,000 in what started as a computer support scam, and mushroomed into a blizzard of gift card purchases and a bank transfer to Nepal.
Supported by a wide range of nationally-recognized experts – from the Stanford Center on Longevity, to an elder justice advocate recognized by a MacArthur Foundation "genius" grant, to the grandson of the New York philanthropist at the center of the most high-profile case of elder financial fraud this century – "Brains and Losses" presents solutions journalism for audiences who want to protect themselves and their loved ones as they grow older.
This highly relevant new special is perfect for Mental Health Awareness Month (May) and complements on-air reporting segments on Marketplace Morning Report from May 20-24.
David Brancaccio is the host and senior editor of Marketplace Morning Report. Airing five times each morning, his reporting focuses on the future of the economy, financial and labor markets, technology, the environment and social enterprises.
In the early 1990s, David was Marketplace's European correspondent based in London, and he hosted Marketplace's evening program from 1993 to 2003. From 2003 to 2005, he co-anchored the PBS television news magazine Now with journalist Bill Moyers before taking over as the program's solo anchor in 2005. His feature-length documentary film, Fixing the Future, appeared in theaters nationwide in 2012. Among his awards for broadcast journalism are the Peabody, the Alfred I. duPont-Columbia, the Cronkite and the Emmy.
Preview audio available: May 6, 2019
Promo spots available: May 13, 2019
Program and rundown available: May 17, 2019
May 20 - 27, 2019, with multiple airings permitted.
Available to all APM affiliates; subscription to the APM Celebrates package is not required for carriage. Affiliate stations may carry this program multiple times before May 27, 2019. The program (episode) must be carried in its entirety. No excerpting is permitted. Simulcast streaming rights are available for this program. Prior to carrying this program, stations must contact their American Public Media Station Station Relations Representative.
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