FTC: Older adults lost record $700 million to scammers in 2024
Americans aged 60 and older lost a staggering $700 million to online scams in 2024, marking a sharp rise in fraud targeting seniors, according to the Federal Trade Commission. This figure, presented in the agency's latest Consumer Protection Data Spotlight, represents an increase over all three categories of loss compared to previous years. Most notably, the amount of losses for those who lost over $100k recorded an eightfold jump compared to 2020. Below is an analysis of the amounts: Losses