National Senior Fraud Awareness Day is observed annually on May 15 in the United States. The day aims to raise awareness of the fraudulent schemes that often target older adults, who collectively lose approximately $36.5 billion each year due to financial fraud. Established by the U.S. Congress, the day promotes awareness and encourages the development of methods to protect elderly residents from scams. Common fraudulent tactics include scammers posing as government agents to extract personal information or sending misleading messages about account issues to obtain login details. Observing this day typically involves educating the public about financial fraud and its impact on seniors.