A new AARP survey, released in conjunction with Social Security’s 90th anniversary, confirms that Americans highly value Social Security, and even more so than five years ago. The vast majority of Americans – 95% of Republicans, 98% of Democrats, and 93% of Independents – consider Social Security vital to the financial security of all Americans, and 67% believe it is even more important for retirees than it was five years ago.
Vermont legislators recently passed a bill to extend a moratorium on new cryptocurrency ATMs in the state and require refunds for certain fraud victims who lose money through the machines.
There's a host of ways our Medicare system, and your account, are being scammed by crooks every day. The video below will open you eyes to how these scams work and how to protect you and your loved ones from being the next victim.
In 2019, Vermonters filed 5,447 scam reports with the Attorney General’s Consumer Assistance Program (CAP). As old scams persisted, new scams emerged. According to the Attorney General’s list of top 10 most commonly reported scams of the year, the Social Security number phishing scam surpassed the IRS scam, knocking it out of the top spot as the most common scam. This phone scam involves calls claiming that your Social Security number has been compromised, suspended, and/or linked to criminal activity. The phony grandchild is also still popular.
AARP Vermont State Director Greg Marchildon released the following statement on Dec. 18 upon the passage of FY 2020 appropriations bills H.R. 1158 and H.R. 1865:
Retail prices for 267 brand-name drugs commonly used by older adults surged by an average of 5.8% in 2018, more than twice the general inflation rate of 2.4%, according to new AARP Public Policy Institute (PPI) data released today. The annual average cost of therapy for one brand-name drug ballooned to more than $7,200 in 2018, up from nearly $1,900 in 2006.
With scam artists hard at work all year, taxpayers should watch for new versions of tax-related scams. One such scam involves fake property liens. It threatens taxpayers with a tax bill from a fictional government agency.