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Impostor Scams Skyrocket Among Older Adults, FTC Warns: What To Do Impostor Scams Skyrocket Among Older Adults, FTC Warns: What To Do
Impostor Scams Skyrocket Among Older Adults, FTC Warns: What To Do Scams targeting older Americans are surging, causing victims to lose millions of dollars to scammers posing as government officials or trusted companies. The number of victims age 60 and older who lost more than $100,000 has increased by more than 700%, the Federal Trade Commission said on Thursday, Aug. 7. Those high-value thefts jumped from $55 million in 2020 to $445 million in 2024. Older adults who lost at least $10,000 also dramatically rose by more than 300%. "While younger consumers also have reported these scams, older adults were much more likely to report these ex…

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by Chris Spiker