Money

Starting today, May 14, AARP is launching Countdown to 90 Years — a recognition and call to action leading up to the 90th anniversary of Social Security on August 14, 2025. For nine decades, Social Security has been a stable and reliable foundation of retirement security for millions of Americans — and we believe it must remain that way for generations to come.

AARP Connecticut submitted to the Public Utilities Regulatory Authority (PURA) the names of more than 2,000 Connecticut residents who signed a petition opposing a proposal by Yankee Gas Services Company d/b/a Eversource Energy to implement a rate increase that will significantly raise the cost of natural gas for Connecticut residential customers.

Connecticut among leaders helping workers save for retirement

Cryptocurrency scams have surged in recent years, with billions stolen annually. One of the biggest drivers of this trend? Romance scams. The free, live Fighting Fraud with AARP Connecticut webinar on Friday, April 25, at 12 p.m. will spotlight one victim’s story of romance, loss, and how the experience motivated her to advocate for other victims.

Scams take many forms so being aware and understanding the variety of ways criminals use to steal money can help you stay a step ahead of scams. Scammers may seek payment through hard-to-trace methods with few or no protections including gift cards, cryptocurrency, wire transfers, peer-to-peer apps and, more recently, gold bars.

Want to enjoy the peace of mind that comes with having your financial matters in order? This is where we can help. AARP is working to empower you with information and resources that can help bring comfort and security for you and your loved ones.

Scammers are continually perfecting their scams, getting more sophisticated, learning new techniques with new technology, and honing their methods to better manipulate their targets. If we really want to keep ourselves - and our money - safe from fraud, we must all come to terms with one thing: our personal information is likely already out there.

Ratepayers Can Voice Their Position by Signing an Online Petition or Attending a Virtual Public Hearing in April

Across the country, someone’s identity is stolen every two seconds. Fraud is an escalating crisis, with losses far exceeding what is reported. While $9 billion in fraud losses were reported in 2022, The Federal Trade Commission (FTC) estimates the true financial impact at $137 billion due to underreporting. The impact on victims and their families can be financially and emotionally devastating, especially for older Americans.

Last year the Federal Trade Commission recorded $10 Billion in reported fraud from U.S. consumers. Because fraud is underreported, we know that actual losses are much higher.