Fraud losses reported by people 60 and older climbed to nearly $2.4 billion in 2024, quadrupling since 2020 Investment scams—often tied to social media pitches—drove the biggest losses, while phone ...

Seniors have been consistently targeted by a wide range of scams. New data from the Federal Trade Commission show that reported financial fraud losses among older Americans increased sharply in 2024, ...

Adults age 60 and older are more likely to report losses of $100,000 or more due to financial fraud, according to the Federal Trade Commission. Those incidents account for 68% of the $2.4 billion in ...

Older Americans are losing more money than ever to scams, according to a new Federal Trade Commission report to Congress, with losses climbing sharply over the past four years. The FTC’s 2024–2025 ...