Age of Fraud: Scams Facing Our Nation’s Seniors
WASHINGTON, D.C. – Today, U.S. Senate Special Committee on Aging Chairman Rick Scott and Ranking Member Kirsten Gillibrand announced the release of the committee’s annual fraud report. The 2025 bipartisan report, Age of Fraud: Scams Facing Our Nation’s Seniors, highlights the growing financial threats facing aging Americans and ways for seniors to identify red flags to prevent victimization and respond to and report scams. This year’s report underscores the alarming rise in scams, particularly sophisticated schemes that utilize artificial intelligence (AI). In 2024 alone, frauds and scams cost seniors over $4.8 billion, with those aged 50-59 losing an additional $2.5 billion.
Chairman Rick Scott said, “I am proud to announce the release of the U.S. Senate Special Committee on Aging’s 2025 Fraud Report, which serves as a critical resource in our ongoing mission to protect America’s aging population. Across our nation, older Americans are being targeted every day by increasingly sophisticated scams that rob them not only of their hard-earned savings but also of their security and peace of mind. These attacks are personal, and they are unacceptable. As chairman of the Aging Committee, I am fully committed to standing up for our aging population, who have contributed so much to the strength and prosperity of our country. Through critical initiatives like National Slam the Scam Day and our toll-free Fraud Hotline, we are expanding access to education, prevention tools, and direct support to better empower families to recognize fraud and respond quickly with the necessary steps. This report shines a direct light on the scale and severity of the threat we’re facing, and we must be united in our determination to stay vigilant, informed, and proactive in defending our seniors. Together, we can help ensure that every older American can enjoy their golden years with dignity, safety, and the financial security they deserve. I am proud of the work this committee has done and I look forward to the many more achievements we accomplish during my tenure as chairman.”
Ranking Member Kirsten Gillibrand said, “Scams and fraud have a devastating and outsized impact on our seniors. Scammers prey on the most vulnerable, stealing personal information and harming older Americans financially with often catastrophic consequences. We must do everything we can to prevent and fight back against these scams, and that starts with monitoring fraud whenever and wherever it occurs. As ranking member of the Aging Committee, I'm committed to continuing to fight fraud against our seniors, and I hope that this Fraud Book is a valuable resource for our aging communities."
This year, the committee has led two bipartisan efforts to combat frauds and scams: a resolution designating March 6, 2025, as National Slam the Scam Day to raise awareness and educate the public on fraud prevention, and another resolution recognizing May 2025 as Older Americans Month. Both efforts aim to educate and protect aging Americans while reinforcing the committee’s commitment to combating fraud through public education, legislative action, and additional advocacy efforts for stronger safeguards across the country to ensure our nation’s seniors can enjoy their golden years to the fullest.
If you or someone you know has been a victim of fraud, suspect you or someone you know has been targeted by a scammer, or have questions about common scams, please call the Aging Committee’s Fraud Hotline at 1-855-303-9470 (open weekdays from 9 a.m. to 5 p.m. Eastern Time) or fill out the web form HERE. If you would like a member of the committee’s team to call you in response to your web form message, please include your phone number.
Find the full 2025 Fraud Report HERE.
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