Top Three Social Security Scams and What To Do If Scammers Try To Prey On You
About 65 million Americans receive monthly Social Security checks, so it’s not surprising that unscrupulous folks are trying to tap into that $1 trillion cache. According to an article by Yahoo! Finance, last year there were nearly 720,000 reports of Social Security-related phone scams, resulting in about $45 million in losses.
The article found that phony phone calls were just one of the three top Social Security scams, along with email phishing and fraud by mail.
If you think that you are a victim of a Social Security scam or want to report attempted fraud, you should:
- call the Office of the Inspector General hotline at 1-800-269-0271,
- submit a fraud report through the OIG website, or
- file a complaint through the Federal Trade Commission’s website.
The Seniors Trust is committed to helping protect seniors and Social Security. It wants Congress to enact the Social Security Expansion Act.
When passed, this landmark piece of legislation will increase benefits, create a strong and long-lasting Trust Fund, and guarantee every retired worker receives adequate Social Security benefits and a fair Cost-of-Living Adjustment (COLA). To learn more about the work The Seniors Trust is doing check out our latest newsletter.
