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Seniors are taking the brunt of financial fraud to the tune of $3.4B+. Learn the most common peer-to-peer, impersonation and other scams on the rise to keep your money safe.
Scam 4: You Can Pay To Increase Your Social Security Benefits Be very wary of someone trying to tell you to pay for any boost in your Social Security amount. If you are approached with the ...
Last summer the Social Security Administration issued a warning about a rise in artificial intelligence-generated fraud to scam seniors out of their benefits. One SSA official told U.S. House ...
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
Seniors' level of vulnerability to this type of exploitation varies by the type of scam. For example, the AARP found that lottery fraud victims were more likely to be women over 70 living alone, with lower education, lower income, and less financial literacy, while victims of investment fraud were more likely to be men between the ages of 55 ...
AMAC supports a plan for Social Security which would gradually increase the earliest retirement age to 64 (from 62) and "guarantee cost-of-living increases in a tiered structure based on income." [ 4 ] AMAC supports the oil and gas industry, claiming that they "are safer for the environment than ever before."
The latest scam is claiming that adults over the age of 51 can get a spending card through certain government programs. However, no programs exist and Social Security benefits are limited to ...
Best practices • Don't enable the "use less secure apps" feature. • Don't reply to any SMS request asking for a verification code. • Don't respond to unsolicited emails or requests to send money.