GoKawiilFTC: Adults Over 60 Lost $3 Billion to Fraud in 2025, Mostly Investment Scams
The Federal Trade Commission's annual report to Congress found that Americans aged 60 and older reported losing $3 billion to fraud in 2025, up from $600 million in 2020. Investment scams accounted for the largest share, with losses rising 42% to over $1 billion, often initiated through social media contact. The report also found that adults 80 and older had the highest median individual losses, at $2,000.