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[Opinion] Older Americans lost up to $81.5B in the past year to financial fraud, FTC report says
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4 Articles
Financial Fraud Against Older Adults in the U.S. Reaches $2.4 Billion Losses · Global Voices
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The New York Ledger
The New York LedgerOlder Americans lost up to $81.5B in the past year to financial fraud, FTC report says
Scammers are draining seniors’ life savings at staggering rates, a new Federal Trade Commission report shows, with older Americans reporting about four times more in fraud losses in 2024 than in 2020.Main findings from the FTC’s Protecting Older Consumers 2024-2025 report show that reported fraud losses for adults 60 and older exploded, with about $2.4 billion lost to scams in 2024 — up from about $600 million in 2020.However, the FTC warns that…
·United States
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Leaning Left1Leaning Right1Center0Last UpdatedBias Distribution50% Left, 50% Right
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
50% Right
L 50%
R 50%
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