Financial fraud cost older adults up to $81.5 billion in 2024, FTC estimates — more are losing at least $100,000 | Crypto Craft

  • Financial fraud cost older adults up to $81.5 billion in 2024, FTC estimates — more are losing at least $100,000

    From cnbc.com

    For older Americans, financial fraud can be a very costly mishap. Last year, scams reported to the Federal Trade Commission by adults age 60 and older reached $2.4 billion, up 26.3% from $1.9 billion in 2023 and 300% from $600 million in 2020, according to the FTC’s annual report to Congress, released earlier this month. The increase is driven by scams that involve individual losses of $100,000 or more, accounting for $1.6 billion, or 68%, of the total amount. However, because most fraud goes unreported, the agency estimates the real losses experienced by older adults in 2024 may be as much as $81.5 billion. The ... (full story)

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Trader#3B22
Dec 15, 2025 9:35pm
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They have to put it back into social Security plus interest!!!! Damn it!! Pay back what you took or good to prison
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Trader#780A
Dec 16, 2025 12:26pm
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so if I get caught stealing as long I give it back it's going to be forgiven? steal all u can and only have to give back what u get caught with will be ok Dam I pray u don't live n your neighborhood
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