In 2023, Americans reported losing more than $10 billion to fraud—ranging from romance and investment schemes to gift card scams—according to Federal Trade Commission data. A new state law aims to protect older Americans from financial exploitation.
The numbers are in and last year was yet another historic year for fraud. The Federal Trade Commission released its annual compendium of fraud reports from 2023, and the news is shocking. For the first time ever reported theft through fraud topped $10 billion. The total is 14% higher than what was reported in 2022 and 5 times greater than reported losses in 2019. Key takeaways from the report include:
While some nursing homes offer quality care, others reap profit while neglecting patient needs, says Rep. Jane Garibay (D-Windsor). That will change under a new state law designed to increase transparency around nursing home ownership.
AARP Connecticut applauds the final decision by Connecticut’s Public Utility Regulatory Authority (PURA) to reject United Illuminating Company’s rate increase request. An approved increase would have significantly raised the cost of electricity for Connecticut ratepayers, who already pay the highest retail electricity price in the continental United States.
AARP Connecticut submitted a petition signed by hundreds of members who support the draft decision by Connecticut’s Public Utility Regulatory Authority (PURA) that rejected United Illuminating Company’s rate increase request.
AARP Connecticut announced five organizations throughout the state will receive 2023 Community Challenge grants – part of the largest group of grantees to date with $3.6 million awarded among 310 organizations nationwide. Grantees will implement quick-action projects that help communities become more livable by improving public places; transportation; housing; digital connections; diversity, equity and inclusion; and more, with an emphasis on the needs of adults age 50 and older.
AARP’s purpose is to empower people to choose how they live as they age. Many policy changes enacted this legislative session will help Connecticut residents do just that.