Pennsylvania Senate Bill SR75

Pennsylvania 2025-2026 Regular Session

• Introduced: 4/4/25
• Refer: 4/4/25

Caption

Recognizing May 15, 2025, as "Senior Fraud Awareness Day" in Pennsylvania.

Impact

By designating a specific day to raise awareness, the resolution seeks to empower seniors and their families with knowledge about prevalent scams and prevention strategies. The intent is to foster a sense of security and independence for Pennsylvania seniors by increasing their awareness of fraud tactics and encouraging community involvement in educating the elderly on how to recognize and resist fraudulent activities. The initiative aligns with existing efforts by the Commonwealth to protect seniors, as it incorporates educational programs and resources aimed at safeguarding their financial well-being.

Summary

Senate Resolution 75 aims to officially recognize May 15, 2025, as 'Senior Fraud Awareness Day' in Pennsylvania. The resolution underscores the growing issue of financial fraud that targets Pennsylvania's senior citizens, a demographic that is increasingly vulnerable to various fraudulent schemes. It highlights statistics from the Federal Trade Commission indicating that significant amounts of money have been lost to scammers, with estimates ranging from $310 million to $2.7 billion stolen from older adults in 2023 alone. Each victim over sixty years of age reportedly lost an average of $58,000, revealing the serious impact of fraud on this population's financial stability.

Sentiment

The broader sentiment surrounding SR75 seems positive, with widespread agreement on the importance of combating fraud targeting the elderly. Supporters of the resolution recognize it as an essential step in affirming the Commonwealth's commitment to protecting seniors from financial exploitation. There is a general consensus that greater awareness can help mitigate the risks seniors face and bolster their confidence regarding financial security. While specific points of contention were not noted in the provided material, it showcases an intrinsic legislative focus on safeguarding vulnerable populations.

Contention

Notable points of contention may arise in discussions about resource allocation and the effectiveness of proposed educational programs to combat fraud. Critics could argue whether enough is being done to actually change behaviors and empower senior citizens against fraud. Questions might also be raised regarding the role of various stakeholders, such as government agencies and community organizations, that are expected to participate in the awareness campaign. As awareness grows, there may be differing opinions on the best strategies to take, including whether more funding should be allocated to enforcement or education.