According to the FTC's report, there was a spike in reported losses from fraud among people 60 years and older. The FTC ...

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 ...

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 ...