REMARKS
Council Member Hudson introduces legislation to protect older adults from fraud
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Council Member Crystal Hudson introduces Introduction 1092, a bill aimed at increasing access to anti-fraud information for older adults in New York City. The legislation seeks to protect the financial well-being of the city's growing older adult population by providing resources to recognize scams and report fraudulent activity.
- In 2023, scams targeting adults aged 60 and over resulted in over $3.4 billion in losses.
- The bill aims to empower older New Yorkers with knowledge to make informed decisions and seek help when needed.
- The legislation addresses the vulnerability of older adults, many of whom are living on fixed incomes.
Crystal Hudson
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Good afternoon again, colleagues.
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As you know, our city is home to a significant and growing population of older adults.
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And today, I'm introducing intro 1092 a crucial piece of legislation aimed at increasing access to vital anti fraud information so we can help protect our older adult communities here in New York City.
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In 2023 alone, scams specifically targeting older adults aged sixty and over resulted in over $3,400,000,000 in losses.
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These losses are not just statistics, but the hard earned savings and financial security of our beloved older adults, many of whom are living on fixed incomes.
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This bill will ensure our older adult population has access to the resources they need to recognize potential scams, report fraudulent activity, and protect their financial well-being.
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By equipping older New Yorkers with knowledge, we empower them to make informed decisions and to seek help when needed.
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Thank you.
