There’s No Shame in Reporting Social Security Fraud

If you’ve been the victim of a scam or fraud, you are probably not alone. The Federal Trade Commission says Americans lost $12.5 billion last year alone. Seniors are some of the biggest targets for this type of crime, with adults aged 70 and older having lost a median of $1,000 in 2024, according to KTNV Las Vegas.

The news report noted that oftentimes, senior fraud victims don’t want to come forward out of embarrassment, but there is no shame. Reporting fraud and scams is encouraged so that officials can identify tricks and stop scammers.

Additionally, to best protect yourself and your Social Security from would-be thieves, be sure to check your bank statements, shred documents that contain your personal information, and don’t provide personal details through email or on the phone.

The Seniors Trust is committed to helping protect Social Security, and that includes providing important information to seniors on how to prevent fraud. We also want to see Congress pass the Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.