This is an in-depth look at all the must-know facts about National Senior Fraud Awareness Day ([datecalc date=”today” display=”yyyy” ]) 🗓️ that no one tells you about. National Senior Fraud Awareness Day is [morph data=”celebrated|observed” random=”|” ] on [datecalc date=”5/15/2023″ display=”mmmm d” ordinalize=”true” ].
Among the information you’ll find below: the history of National Senior Fraud Awareness Day, activities to do on and how to observe this holiday, as well as [morph data=”important|fun|cool|interesting|amusing|intriguing|captivating” random=”|” ] facts you [morph data=”should|might want to|need|ought to|may want to” random=”|” ] know about National Senior Fraud Awareness Day.
📅 What day is National Senior Fraud Awareness Day [datecalc date=”today” display=”yyyy” ]?
In [datecalc date=”today” display=”yyyy” ], National Senior Fraud Awareness Day is on [datecalc date=”5/15/2023″ display=”dddd, mmmm d” ordinalize=”true” ]. It is the [datecalc date=”5/15/2023″ display=”dddd” count=”true” ordinalize=”true” ] in [datecalc date=”5/15/2023″ display=”mmmm” ]; in [datecalc date=”5/15/2023″ display=”yyyy” year=”+1″ ], it is [datecalc date=”5/15/2023″ display=”dddd” year=”+1″ ]. There are [countdownup until=”5/15/2023″ display=”day” ] until the next observance. You also can [morph data=”explore|learn|discover|see|view” random=”|” ] all [morph data=”the fun|the cool|intriguing|the exciting|fascinating” random=”|” ] details and facts about [datecalc date=”5/15/2023″ display=”mmmm d, yyyy” ], that you might not be aware of.
National Senior Fraud Awareness Day is a special day observed on May 15 each year. It aims to increase awareness about the scams and fraudulent activities that often target older individuals. These schemes cause seniors to lose a staggering $36.5 billion annually. To tackle this alarming problem, the United States Congress established National Senior Fraud Awareness Day. The day was first observed in 2018 and has now become an annual event. Its purpose is to educate and enhance strategies to protect senior Americans from falling victim to financial fraud.
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📜 National Senior Fraud Awareness Day History
In the past, financial fraud has been a significant issue in the United States. One notable case involves Charles Ponzi, an American who discovered a way to make a profit by buying postal coupons and shipping them overseas. However, Ponzi deceived his investors by promising an exaggerated 50% profit return instead of the actual 5%. He eventually fled the country after using new investors’ money to pay off earlier ones. This scheme shocked many people and led to the creation of a fraud category named after Ponzi.
Currently, senior Americans are particularly vulnerable to financial fraud, falling victim to various scams. Some con artists pretend to be government officials and trick seniors into sharing sensitive information like their Social Security numbers. Others send text messages to seniors, claiming there is an issue with their bank account, credit card, or other accounts, and ask them to provide login details.
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✅ National Senior Fraud Awareness Day Facts
🔖 Juvenile identities
More than 1.3 million young people fall victim to identity theft each year.
🔖 Fraud complaints
In 2021, nearly 2.8 million individuals in the United States reported instances of fraud.
🔖 Victims of fraud
Fraud affects a significant number of American adults each year, with one in ten falling prey to it.
👍 Why Is National Senior Fraud Awareness Day Important
Scams sometimes occur because consumers are unfamiliar with how their finances and financial institutions work. As a result, National Senior Fraud Awareness Day emphasizes the need for financial literacy.
A problem can only be fixed once we know who is most affected by it. National Senior Fraud Awareness Day highlights the disadvantaged segment of society.
National Senior Fraud Awareness Day encourages providing seniors with the knowledge and awareness they need to prevent financial fraud. We’re all about spreading awareness about crucial problems like this one.
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🙂 How To Observe National Senior Fraud Awareness Day
⚡ Teach older adults about these scams
⚡ Learn about financial fraud
The objective of National Senior Fraud Awareness Day is to raise awareness about financial fraud among elderly individuals. It is important to fully comprehend the meaning behind this phrase.
⚡ Look up common financial scams
Help the cause by explaining what you’ve learned to the senior citizens in your life. What better way to commemorate this day than to do this?
📅 When is National Senior Fraud Awareness Day?
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[morph data=”Explore|Discover|You can view|See|View” random=”|” ] all 🔗 May holidays, including 🔗 Cause and other 🔗 Awareness holidays.
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